|Day Low/High||17.04 / 18.00|
|52 Wk Low/High||9.00 / 25.32|
It's a mistake to declare the action as either bullish or bearish.
Hot stocks tend to have a second wind after the first batch of rookie traders wash out.
Last Christmas Eve was an aberration.
Much of the action right now is positioning and tax moves that have little to do with fundamentals or technical conditions.
There seem to be more calls recently that a major uptrend will begin soon.
I tend to focus more on individual stocks and my job right now is to develop a list of names that I want to follow more closely as this action develops.
Nothing new has really occurred. Technical conditions are what really determine whether the news is good or bad.
The big gains in commodities stocks come to those who jump in when commodity prices are down and forming a bottom, or in the early stages of an uptrend.
Let's see how the charts and indicators have shaped up.
These names are displaying signs of either bullish or bearish reversal patterns over the past week.