Friday, May 16, 2008
Indices Continue Pullback
Oil, solar and coal, shipping, steel stocks are moving higher this morning with tech, financials and most other sectors moving lower. As long as these pullbacks stay above support consider these movements price fluctuation as opposed to change in trend. This extra volatility on options expiration Friday should have been expected as we stated in our post earlier in the week.
FXE is bouncing off support this morning into its 30 DMA.
Moving Up: FSLR, JASO, CNX, MEE, BTU, X, STLD, DRYS, CVX
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1 comment:
Do you have any books to recommend for understanding candlestick charts?
I have been watching trading rooms at IT. There are examples of active short term trades. Not much discussion about what to do with the bulk of retirement funds when you open your own brokerage account.
Thanks David in Ga.
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