Distribution Day
The market had a distribution day, which is a high volume down day, and indicated institutional selling. This is not necessarily a sign to panic. These are normal in a rally, but too many of them in a short time would be a warning sign.
I’m glad I decided not to take any new positions […]
The markets closed basically flat on low volume. Only the Nasdaq finished higher. The major indices started poorly, but fought back to finish basically flat. This is the kind of consolidation you want to see. Some of the picks I had here last week did amazingly well today, and all three stocks posted here last […]
What a Week!
What a great week it was for the markets last week. It was expected to be a volatile week, and better than expected earnings made it a positive one. There were several picks that I posted here that did very well, like FTI, RRC, JRCC and BIDU. I hope you got to […]
