June 3rd Review
10:17 PM Posted by MH
Positions traded for a lose : none
Holding positions : MPG / VG / NWD / ACLS / BQI / MXC / DPTR / FTK / ANDS
Stock market today was just an exptected day after four day rallys. Down fell 66 points, S&P fell 1.4% and NASDAQ only fell 0.6% on worse-than-expected data on factory orders, services. Most important thing today was that Dow holding well above 8600 mark and closed really strong end of the day. I think we move higher tomorrow. However, this week we going to face more tests as retailers report May sales results Thursday and as the Labor Department releases jobs data Friday. The monthly jobs report is one of the most closely watched indicators of the economy's health.
Dow Jones chart does support above 8600 mark today, but if market breaks down that points we will move back down to 8200. Look at the chat below
Let's talk about today's trading here. I sold BEE today for $3700 gain. I think it will move higher tomorrow but locked my nice profits here.
and I pickep up some ANDS today morning at 2.11, Few viable cancer drug company, bio momo and oversold. I posted charts below this review, do you see that nice charts set ups? We need to see 2.30 first and next stop is $3
-Market Hunter-
