The Closing Look

Stocks were relatively quiet on Tuesday and closed higher as oil prices jumped 5% on renewed hope OPEC will cut production. Elsewhere, shipping stocks soared and the Nasdaq bounced back after lagging hard since the election.

Gary’s Thoughts:  Only one thing wrong…massive frothy action in money losing, almost bankrupt shipping stocks, some that did massive massive reverse splits. Probably more upside but dont be last one in. Watching oils here as a bunch set up in bases on the first decnt up day in oil prices.