Crude Oil
Trade Updates: MOS, MON, BTU
I am out of MON and MOS positions for a nice gain. BTU reached the expected support level and I sold most of my position for a healthy profit. It might bounce here but I’ll keep a stop loss in place for the remaining lot.
You can track my positions in our model portfolio.
Commodities were cheesed [...]
Market In Teasing Mood
I honestly don’t know which way the market is going to move tomorrow. It looks like every single move is relative to oils and commodities. As the oil moves higher, stocks heads south and vice-versa. This market has been dancing on the tunes of commodities and would be better if commodities start moving lower as [...]
Solars and Commodities Not Acting Good Here…
If you have a chance take a look at (OIH), (FSLR), (SPWR), (JRCC), (MEE), (ANR), (POT), (CF), (AGU), (MOS), (DBA), (DBB). With the major indices up big, these sectors are showing weak relative strength. Maybe this might be a good time to re-evaluate your positions in these stocks.
Keep things into perspective before you [...]
Follow-Through Day…
Finally the market followed through on the 11th day with major indices rising more than 2% on above average volume.
The biggest mover were the beaten down sectors from Airlines, Banks, REIT, Housing and Retails while oil, energy and commodities stocks were down to flat. Take a look at the market snapshot.
If the market were [...]
$RUT Follows Through - Are We In Rally Mode?
Did anyone notice the follow-through in Russell 2000 Index ($RUT)? It gained 2.75% on strong volume. I would have expected more stocks to breakout on a follow-through day but there were hardly any to be found. If this rally were to assert itself, I’m expecting one of the major index to follow-through on above average [...]
