Friday’s Top Stocks From TradersWire
Did you watch CNBC today?
I thought it was 1999 all over again when the SPX made a 4-year high. Bob Pisani
said that traders were asking the question “should we buy here or take profits?”
(I am paraphrasing Bob here). He went on to say that most traders he spoke with
were bullish.
I don’t know about you. but this chart makes me nervous.
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Fib aficionados will appreciate the perfect .618 retracement
here on McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating). I’d be shorting this one.
Over at IBM, we’ve got some trouble ahead.
The oil service stocks didn’t look so hot today. Here’s one:
Brice Wightman