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June 1st Review

8:44 PM Posted by MH

I had meeting this morning and I missed today's big rally. Yes, market rallied higher above 8600 mark first time today. The major indices were up 2% at least. Like I told you here before that 8600 is the breaking point, I'm seeing new bull market just started. Even though, market is so strong uptrend, be little cautious for some pull back since we up almost 500 points last 3 days. Just too much for 3 days.

Ok, let's talk about stocks now. I was big surprised when I got home from long meeting today.
Especially my oil plays, EXXI / MXC / BQI / DPTR all up nicely today.

MXC - still lagging here, will touch $20 soon, was $50~60 last year, low float, need some more volumes.

EXXI - another laggin penny oil stock, oil chart does look fantastic and should explode with oil momo

BQI - broke $1 recently but not moving much, will see

DPTR - what can I say? want some more? everything look good, volumn increased by 6 mil today, I think it just started, can see $3 soon

VG/NWD another disappointed movement in this big rally. Need good news now !

SMCG - up more than 50% on Friday and down 3% today, not bad, isn't it? will decide to sell or not depends on tomorrow's movements. Target is $2~3

ACLS - not active enough, low volumns, need more patience.

What do you think about tomorrow's market will be? pull back some? up more? side way?

GM 파산과 경기회복 기대에 힘입어 오늘 장이 탄력좀 받았습니다.
8600을 넘어 8700 포인트까지 넘어 갔네요. 제 예상대로 uptrend 의 장이 형성되고 있습니다.
당분간은 계속 uptredn market 이 되지 않을까 싶네요. 너무 갑작스런 상승은 어느정도의 pull back 도 따라오니 주의 하시기 바랍니다. 오늘 일이 있어서 하루종일 활동을 못했습니다. 내일은 열심히 차트봐야 겠습니다. ^^ 내일은 장이 풀벡이 있을지 아니면 상승세를 유지 할 것인지?
어떻게 생각하세요?

-Market Hunter-
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