Thursday, June 5, 2008

Quick Note

The numbers, after being "adjusted", still good... the market recovers again for the moment... I HAVE NOT MADE ANY MOVES THIS A.M.

DUG... oil stocks right now are following the market heavily... despite OIL going down... pretty heavy resistance around 30... MA around 32... I am still bullish on DUG very much... it just may take time for the decline in oil prices to be reflected in the oil companies... I said I would let the markets decide and at this point I do not like the market action.

CME, ICE... up today and reversing RSI but the volume is too low to buy in right now... more confirmation needed.

Been tough for this market to ever go through support on the SP... Ben or govt data seems to always step in... some legit and some not.... I'm just being patient... looking for other opp... but I don't have too much more time right now... work...


This blog is for informational purposes only. It does not give investment advice.

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