While the indices didn't end that much higher, many leading stocks performed outstanding. To name a few: JVA, SINA, MCP, JAZZ, GMCR, BIDU.
Meanwhile, gold and silver were up nice, just like oil. So gold is moving towards last week highs, but on lower volume. This can turn out to be a double top, but a long consolidation is also a possibility. To me it's a no-trade at this point, going long here is chasing price (you basically missed the big move), going short maybe way too early!
Better look for the next opportunity. Copper is doing well the last few days. Cotton also starting to look interesting.
No comments:
Post a Comment