Nightly Comments
- Growing indications of a bounce up for stock markets.
- SPX formed a Doji candlestick indicating a reversal.
- IWM close at a fib 61.8 retracement line.
- Growing weakness in precious metals.
- Oversold indicators are in the extreme range.
- Starbucks' (SBUX) is picking up La Boulange parent company Bay Bread
- Amazon (AMZN) has bought the publishing rights to 3,000 backlist titles from Avalon Books.
- Disney (DIS) raises prices for a single day visit to an Orlando-area theme park up 4.7% to $89 a pop
- Merck's (MRK +0.3%) insomnia drug suvorexant maintained its effectiveness for 12 months in a late-stage study.
|
| Stock Watch for 6/5/2012 |
| Symbol |
Trade |
| WGO |
LONG |
| AMZN |
LONG |
| DIS |
SHORT |
| MRK |
LONG |
| PIR |
LONG |
| SBUX |
LONG |
| SCO |
SHORT |
|
|
These are not recommendation.
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