|Day Low/High||30.80 / 31.82|
|52 Wk Low/High||24.60 / 39.28|
If breadth doesn't start to broaden that is going to be a problem.
The dilemma is that strong momentum often is underestimated yet makes entry points increasingly difficult.
But volume was light so the market may be primed for taking profits.
Strength in certain names has been sold, but I don't think the small-cap oils trade is over.
Stock picking is going to be particularly important next week.
Despite the drama in shippers, we continue to have good action in a number of stocks.
The market isn't buying that Trump is bad for business
The biggest negative I see right now is that so few individual stocks are acting well.
Bears continue to have a tough time gaining traction.
The oil and gas company may be gaining NYSE compliance but there's more work to be done.
The recent steep drop in oil prices may lead to some oil companies going out of business within a few weeks.
We try to attach specific names to the opportunity that awaits.