Well the S&P is about six points away from the 1300 mark, a level not seen since August 2008. The bears have had opportunities to knock this thing down, but they haven’t been able to do more than manufacture a couple of mini shots across the bow. Coal and steel took a little break, but oil looks much higher,materials are hanging in there and the fertilizer space has gone maniac. Gold has broken its 50 day moving average and that particular ‘crowded’ trade is becoming less crowded. The financials are running silly and housing is tagging 52 week highs. Technology looks great and I think that sector will continue higher shortly. No correction yet, but it’s coming…trust me.
We booked some nice profits last week on my Premium Site and the train keeps rolling on that front. Some winners were: IDT +8%, REDF +25%, IGOI +10% AMRN +9.7%, OPEN +3%,, SWKS +3.5%. All names were held for less than a week. If you would like to review my performance email me at [email protected]
Enjoy the links and good trading next week.
Ronnie Van Zandt of Lynyrd Skynyrd would have been 63 today.
Josh Brown on Twitter & Facebook, I so agree.
Why the private sector still isn’t hiring.
The week in ETF’s
What do you know? Now the CBO says repealing Obamacare would save $540 billion.
Global markets increase 26% in 2010.
Some things you may not have known about Steve Jobs.
California, ?
LMFAO !!!
This ‘worm’ is fascinating.