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.
Whatever OPEC decided to do has energy prices spiking. ENERGY STOCKS are gapping up nicely. There has been a lot of deterioration in this area recently, the opposite of what it did into the highs of mid-May. If a low is in, this would be a big help to some indices. Of course, will not […]
Futures bouncing but our themes do not change. The DOW remains worse than everything…S&P better…NASDAQ/NDX/RUSSELL lead. The best pulled back yesterday.The worst has been ugly. Let’s just add in a lot of world markets are under severe pressure. Notwithstanding bounces, look at EEM, EFA, RSX, FXI, EWZ, TUR and others. Wow! This is what happens […]