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stock share, stock market today
[Weekend Summary]
Dear Member:
The markets are closed today for observance of Good Friday so the summary is coming to you a little earlier than usual. The major indices all moved up this week and volatilities dipped once again showing continued market strength. So far, it seems like the markets want to continue to push higher and I currently have only one bearish hedge position in place. Of course, I am watching the markets on a daily basis so I try to keep my finger near the trigger just in case.
I entered a position in Silver Wheaton (SLW)on Tuesday and it closed up 6% by Thursday. I did send an alert that a dip to $10.20 a share would be reason to exit, but the stock closed at $10.30 so the position remains open.
Introgen (INGN) has completed a double bottom formation and gained 6% for the week. Once again, I am holding this one as a high risk potential very high reward depending results on final phase testing of its cancer treatment.
Mindspeed (MSPD) continues to be frustrating. It is still consolidating, but the good news is that when stocks consolidate for longer periods, the breakout and be quite strong.
For those to whom it applies -- Happy Easter. Have a good weekend.
Bill
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