ENERGY/OILS on the move again today as ENERGY/OIL prices spike higher. Just a little warning that some names have rallied up almost 10% in past week of trading days. Better to have some pulling in. Same goes for many commodity names as COPPER )(JJC) has made a sharp move into new highs.
And RETAIL still going. Strong holiday numbers helping.
The money quote: “For nearly a decade, the middle class in this country has suffered from a needless and self-imposed austerity, limiting investment of all the things that create good-paying jobs and improve the working conditions of Americans, improve the lives of Americans. This spending bill, this spending agreement brings that era of austerity to […]
Futures this morning are way down. Time to do some recapping. We have told you: Over 60% of all stocks were in poor shape, trading below resistance and the all-important 50 day moving average. There is a simple thesis behind this. Trading below means you cannot go higher and as more and more names move […]