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.
Don’t worry about a nasty, high volume reversal. We’ll just gap it up the next day. Strong open awaits. I will stay silent about it except to say: I have been taught and have studied that changes in trend often occur with violent action after a large drop in price or after a large rally […]
-By Gary Kaltbaum- January 16,2018- -To be brief, after a strong beginning of the year, on top of what we have seen the past 2-3 months, on top of what we have seen since the election, today’s action looks to be a classic exhaustion gap. After the run, the market gaps open big numbers and […]