he has been picking under the radar stocks and is big on closing gaps.
So far I only lost money on one of them and that was because I went with a short term call option instead of long, and blew it on bad timing.
Last week's pick was $RIG at 3.87 with a target of 4.37
The target is the gap closure. And he says the price reverses when it hits as it is resistance. After that your on your own.
I didn't stay in that trade. Like FSM(silver), RIG follows a commodity (OIL). So I get itchy fingers because I can see it daily and can't wait for it.
Since he was talking bearish, I went to the sidelines, added $UVXY for a long on the VIX volatility.
Like the article you posted, go away in May, might be true again.
AJ Monte went out on a limb and said the markets have topped, but doesn't mean they can't go higher in price. Your article says the same, watching it closely to see if it rolls over.
Next Friday is the Jobs report and will be the biggest event of the week. I think jobs will be added big, but the Blue states are still paying people to stay home until September.
Although they are not staying home. They are partying away.
Roaring 20's.
I can't blame people for capitalizing on the job applicant shortage.
Getting top dollar. I did the same during Y2K.
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