Boom Boom Stocks 4/8/2011

Morning folks.  Futures gapping up slightly…again.  Seems like its a daily occurance. The overhead resistance on the s&p is a tough nut to crack.  Its tough to say whether we are churning here or consolidating for a  breakout.   Common sense says the range breaks in the direction of the flag.  We are in a much …

Read moreBoom Boom Stocks 4/8/2011

Boom Boom stocks 4/6/2011

morning folks. futures are indicating a slight gap up so far .55% on the spy.  Both oil (uso ) and gold (gld) gapping up slightly also. No real economic data on the calender today as only Weekly Oil inventories are on deck.  We also got a very small pomo day (2billion or so).    We have …

Read moreBoom Boom stocks 4/6/2011

Boom Boom stocks 4/5/2011

Morning folks.  futures are We started yesterday with another gap up… The russell did make an effort to take out last weeks highs but then we just faded back when it failed and consolidated rest of the day. Some could take that as a bearish sign but when the market is this extended and overbought …

Read moreBoom Boom stocks 4/5/2011