Slight Rebound powered by HPQ

Yesterday the US Stock Market rebounded slightly with DJ +37.26 , Nasdaq +8.09, S&P 0.90. 10-yr note -18/32 at 4.27%

Strong Q3 reports from HPQ and AMAT and plunging oil prices (below $65/bbl) overshadow inflation worries following larger than expected rise in July PPI.

I'm in 3 active position. TXU, AAPL, NTES.

TXU rebounded +1.08 (94.76). Thanks to slightly bullish sentiment plus TXU today announced 2 new CEO positions, naming of James A. Burke chairman and CEO of TXU Energy, the company's retail business, and Michael T. McCall chairman and CEO of TXU Wholesale, the business that optimizes the purchases and sales of energy for generation and retail businesses in the competitive wholesale market.

The appointment of two highly capable and knowledgeable leaders into these key leadership roles enables TXU to better focus on the distinct retail and wholesale markets, resulting in enhanced customer service, increased efficiency, and stronger results.

This result in pread paper profit increase to $70 from low of $40 yesterday.

AAPL rebounded +0.90 (47.15). Thanks to the good solidquarter earning result from HPQ which involve in PC related business too. My Sep 45 Call options has crawl back to 3.20 and cut my loss as high as $100 back to $50. Whew.... Hopefully it will continue to shot up tonite. Besides, learn that AAPL once gap up, will continue to go up sharp during the first 20 to 30 mins. Especially with good news stimulating the price. Also, read a news reporting a rumor that AAPL will be offering iTunes on Google website. Suspecting this news pushing the AAPL stock to 52 weeks new high on last friday.

NTES was down -0.64 (75.05). Hopefully it just a healthy retracement due to 2 strong up sessions 3 days ago. Still very bullish on this stock. My spread credit of $180 now worth $215 bringing my paper loss of $35. This drop might caused by announcement of NTES announcing ending her service on MP3 searching to avoid legal issue. Shouldn't affect much since NTES main strong revenue from Online PC Game.

New position added: JWN +3.18 (34.30)

Initiated the position on 1 contract of NOV 32.50 Call @ 2.90 when stock price at $34.35. Reason for entry is JWN is a strong retail stock and popular on her customer service. Recently, has drop dramtically due to the Retail sector drop. Today, rebounded strongly due to its strong quarter earning reports. Options price just break even at 2.90 during close.

What have I learn from today market? Same as yesterday, HPQ is a big corp. and it's quarter earning result and future outlook can easily drive the market. AAPL has help to train my tolerance level, that has prevented me to get out of bullish stock when the got into retracement.

What can I perform better? Hmm... perhaps more sleep and gain back some health. The health has driving me down recently and emotionally vulnerable, easy to get frustrated.