June 29th Review - Market rallied because of Madoff case?
9:02 PM Posted by MH
Positions traded for a lose : none
Holding positions : MPG / VG / NWD / FTK / GNVC / KFN / MGM / CRXX / NXXI / ACLS / ONSM / PDO / XOMA / URRE
Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel.
The Dow Jones Industrial Average rose 90.99, or 1.1 percent, to close at 8,529.38, while the S&P 500 gained 0.9 percent and the Nasdaq added 0.3 percent.
Market rallied because of Madoff case? I don't think so, the market is just trying to make money anyway possible. As I mentioned before, market is uptrend till August.
We will have to see what happens tomorrow to find out real move.
WINNER TODAY
PDO - up nicely with oil momo, nice AH actions, expect to gap up tomorrow
Don't forget this week is holiday and hurricane season is here. OIL UP UP UP.
NEW PICKS TODAY
URRE - been watching this for long time, nice chart set up for next round(run).
-Market Hunter-
