Good economic news appears to be continuing the market uptrend. Although there appears to be some profit-taking early in the day, there is not any aggressive selling.
The oil stocks are gaining good strength/good bullish patterns today. Look for another up wave in that sector. The market appears to be sector specific, oils and steel stocks. Stay predominately long.
June 1st Daily Market Comments
Good economic news appears to be continuing the market uptrend. Although there appears to be some profit-taking early in the day, there is not any aggressive selling.
The oil stocks are gaining good strength/good bullish patterns today. Look for another up wave in that sector. The market appears to be sector specific, oils and steel stocks. Stay predominately long.