Tuesday, February 28, 2012

Tuesday Evening

Indices finished up - unless you were looking at the Transports or the Russell .... The SP500 closed above the 1370 level which was the 2011 high, and the Dow closed above 13,000. Among large cap names, AAPL and PCLN were the talk. Oil was down, gold and silver were up. Which hat are you wearing?

Tuesday Afternoon

SP500 presently trading above 2011 highs. Can we close there?

Tuesday Morning

Gator's Chart of the Day: JPM
Yesterday financials were a leading sector and JPM was one of the movers.  The stock looks strong to me as it has completed the W pattern and worked on a base for more than three weeks.  Volume was just about average but it printed a bullish engulfing candle and today it will complete a golden cross.