Today in the market, Friday May 30, 2008: As we close out the week and the trading month stocks ended in positive territory. A good week overall and a good week too. The relentless rise off the March market bottom continues.
RSI’s Themes: The modification has resulted in no ETF/CEF picks and only two stock picks...too few for any trend to be decoded. I might have to take a hard look at the mods to see if I can glean any good fund candidates. The long spell of a lack of falling knife candidates continues. On the positive side, both of the stock picks are a great demonstration of price breakouts. How to go RSI!
Stocks Medium Volatility:
- HEW - Hewitt Associates, Inc.
- LKQX - LKQ Corp
Other than the fact that these two stocks observe good Hurst Channel characteristics, plus all the other positive RSI attributes, I really don't have any opinion on either of these two stocks. So you take a look at them and decide.
Have a good weekend...bye.
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