This has been a tremendous few weeks... I was talking in the office, better yet playing financial prophet and said we would be at 12100 on the DOW by Friday... So good call. RAX has broken through resistance and closed above 42, 10$ above our entry point for a 33% return. Will keep F until at least the 15 level. STX, SNDK all up tremendously.
Market is indicating an overbought stage, PUTS on the DIA and QQQQ may be the next play. FAZ is at a 52-week low. Financials have done very well this week but is the news substantial enough to warrant and keep the rise. C 13 45 CALLS have doubled.
I am still scouting Dividends
Quicksilver (ZQK) upgrade to buy and had a descent breakout this week.
Will run a RAX analysis and how the triple top and bottom was influence by the market environment, news and analysts reports soon.
Happy Trading...
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