Stocks Are Showing Strength
At least for the near future, stocks look strong. Check out some of the breakouts going on – Simon Property Group (SPG) and Amazon.com (AMZN).
Now, Transocean (RIG) is a different stock from the high-flying stocks like Amazon.com (AMZN) and Simon Property Group (SPG), but the action is interesting nonetheless. If RIG can get above the $55 level, we might see significant upside.
For now, the trend looks to be up. A couple questions I have:
- Is QE2 priced into the market?
- What kind of jobs report is needed on friday to reverse the trend?