We get an upgrade, and then 2 1/2 hours later we are $2 "below" the morning's high?What happened?Was the upgrade a trap to get some big clients out on retail buying?Any ideas?
These are just my opinions;Don't believe anything from an Analyst, his motives/interests are different from yours. Upgrades may cause some minor buying initially, but mean nothing in the long run.Todays price action is about next week. Stocks predict which direction the commodity is going. O & G sector is down, so you can forcast Monday will be lower O & G commodity prices. REM has had a huge run up this week. It doesn't go up forever. It needed a pause. It will probably head north again Tues. for next weeks bogus gas inventory report.Hang on, the ride is bumpy.Regards,Lenz
I agree with you. But, I don't like the reversal on the upgrade. Now, the 5 min chart looks to have setup a flag for another down leg this afternoon. I am hanging on for now.