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Message: Friday Market, Dec 4

Friday Market, Dec 4

posted on Dec 04, 2009 12:03PM

On The Pinks - BEHL sp trying to maintain a higher-low to give an indication of a possible turn. Daily technicals see Mac Bullish but topping and and Stoch Bearish and OBV not very supportive at this time. Could be an opportunity to establish a position. Lack of updates (previously consistent updates may have been spoiling) is a bit concerning, but maybe there will be an update this coming Monday.

S&P500 was up showing that the overall Market was on an upper. Still losing jobs but at a reduced rate. Seems only NatGas and the Miners were down in a sea of green. Speaking of the high-seas, the Ocean Shippers are also down. And, RecessProofers are up... Hmmmm. Seems today's upper has worn off and we are seeing some profit taking. Dow is having a tough time getting much beyone 10.5k and technicals showing some downside to come. When the downside hits, watch for those stocks that maintain sp or lose the least percentage-wise as they would be the strongest. Be choosey and Stay diversified.

Energy sees NatGas stocks down, Big Oils mixed, and Solar down.

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