Recommended Reading

Google Search

Charts courtesy of

Thursday, March 1, 2012

Thursday Morning Update

The chart still does not look quite right, which probably means that the market is not done carving ojut a new range. Whether we have more upside or downside remains to be seen, but yesterday's volume sure looks like it is going to be to the downside. We got a nice little bump up this morning but it stopped dead at 1374. XLE has once again taken a big lead this morning as yesterday's drop in oil not go very far. XLB, which suffered form yesterday's humongous drop in gold, is a distant second. Lagging is XLP, with a cluster of sectors trading just above it. The Nasdaq is about even, the Russell 2000 has a pretty big lead. Oil is up, gold down, treasury yields up.

I have 77 new highs so far, with breakouts in PTIX, FRS, BKE, GPS, ANIK, FURX, EIX, ZUMZ, IACI, and MR. I have one stock from the earning list reporting, that is LHCG, up 10.9%.

No comments:

Google Analytics