NICE WEEK!
Finally...a good week. 5 up days. Up 14 points on the MLP index from 272.72 to 286.62. And we are up 24.60 points from the low on March 20th. Was that the final climax bottom. Looks like it so far
As for the charts...the weekly chart has not gone to a buy yet on the MACD but that could happen if we are higher again next week. Now it would be nice if we could at least get back into that channel of 290 to 300. Meanwhile the market did very well today holding up under the bad employment number. And remember this number 2 months ago would have sent the market into meltdown mode. It really looks like it wants to go higher and to prove it we need a breakout above dow 12700 on heavy volume. And MLPS will be leading the way (hopefully).
Now everybody have a great weekend. First good week in a long long time.
joseph cioffi's Source Page - Associated Content
1 comment:
EROC up 6% Friday. Announced purchase of Std. oil and Gas co. for $79M. Aquistion immediiatly accretive, will raise 2nd qtr dist.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_E/threadview?m=te&bn=69301&tid=77&mid=77&tof=1&frt=2#77
Sounds bullish to me
Reading-Tee-Leaves
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