The positive holiday tone is pervasive this morning as no one appears to be willing to step in front of this runaway train. That one early opening dip was bought quickly and we see green right away. My oil buys of yesterday are sour this morning and I trimmed a little early when the red appeared There are five stocks added yesterday that, after I looked at the charts long and hard last night, I've decided to back away from. They are ARD, EOG, EPEX, KMG, and PKD. The others I like for longer term trades. API inventory numbers due up in about 30 minutes and that could exacerbate or change things.
The metals are seeing a bout of profit taking as well. That chart shows great support at the breakout point though so the profit taking should be reasonably contained for now.
The metals are seeing a bout of profit taking as well. That chart shows great support at the breakout point though so the profit taking should be reasonably contained for now.
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