sp'60min
Summary
*I just earlier dropped one of the 3 driller stocks I have - DO, (very sig' gain), will try to have the patience to hold RIG and SDRL into Friday afternoon.
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Well, it has been a cruel tease of a month for the equity bears, I'm still hopeful we'll see that down wave this summer.
Market looks set to close the month with moderate gains for the sp'500.
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3.08pm.. minor chop..and we're back <1884. Hmm
Regardless of the exact close, it has been a day for the equity bulls. Is it pretty noticeable that the equity bears just simply failed to show up today.
VIX reflects it, -1.7% in the 13.40s.
3.22pm.. market a touch weak...still stuck <1884...although it was fractionally broken earlier.
I'm getting a little twitchy..seeking to drop a second driller.. SDRL....
3.39pm.. EXITED SDRL, indexes look moderately vulnerable into tomorrow...I can buy back cheaper!
3.45pm... Hmm...a bit of a messy end to the day..and month. Market now rallying again...making a play to close >1884.
3.49pm.. EXITED RIG... I've dropped all 3 drillers, will look to pick up 2 or 3 tomorrow on ANY pull back.
Market seeing minor chop...a touch of weakness seems likely, but certainly, net monthly gains..overall for the sp'500.