OTC DROP opening seeing penny and a half upside action after yesterday's downside. Likely to continue to trade in a tight range for a while until some sort of resistance breaking news. Getting above the 50DayMA would be nice for support because anything below the 50DayMA is really not a bargain. Other than the O/S increase, Fuse web site shows no news since the headquarters move, and filings and
Market all excited about jobless claims and seeing a good pop. Might be just more people giving up, part-timer and contract worker increases, or numbers just plain fluffed. Still pretty rough out there. Pretty much green across the board and making new highs. This Bull Market may make new higher highs eventually. Great for a Friday, but be aware of possible profit taking this afternoon. Stay diversified, and make picks that stay as far away from the Eurozone as possible. Loose Stop Losses still a good idea, to not give away your gains.
Commodities looking good. Oil, the commodity leader, stuck between 100 and 95. Might be a decent time to add on your oiler or to start a position. Long term, inflation will run commodities up, at the very least. Gold and Silver, actually not really commodities (well, silver moreso), seeing profit taking, as well as numerous miners seeing a touch o' downside. This may be the "C" portion of an ABC correction that could continue into Monday.
Other OTC plays disclosure... Have small positions (moneywise) in STTN, GTGP, APII, CMEY