Day-trading from the short side worked well for WLT today. I covered some shares for nice fast profits, but I'm still short some shares because I'm predicting more selling in energy stocks on Tuesday and possibly beyond.
Maybe you are talking about the long term and some people here expect more pullback (and then can reconsider) before such a spike.
Consolidation for a few days. Good volumes on up days and low volumes on down days. Will break $100 level Monday. Market is so strong now. Futures also up on good news from Greece. Cramer said WLT will go much higher.
RSI for WLT is only 66, still low.
Many people are still on the sideline and will get in the market when they saw the strength on friday that dow hit 11000, Look at the weekly chart ae can see that 13000 is next.