Article By:
Douglas Gammons
Saturday, May 11, 2024 4:00 PM EDT
The short-term uptrend has continued. The PMO index has risen nicely off its lows, showing that most stocks have transitioned to momentum buys over the last 7 or 8 trading sessions.
Why Tech Is Giving Me Jeepers – Watch Out, Gold
110min after the U.S. open update: Markets are attempting to turn the (intraday) corner - if it has any legs today, look for oil to lead the way, followed by copper with silver. stocks recapturing the 3,910 level would be a great start really, if you're into (liquidity) miracles. I like the lower knot in $TLT & indecision in $XLK - thus far, the key words here.