Stock Market update - Closing 2/25/2015
Free Stock Charts - Trucharts.com -
On our watchlist today were USO (up), ANGI, LLY, and BOX. ANGI is consolidating for a move up as is BOX. BOX is very risky. We are long all these symbols.
Markets ended almost flat for the day after Janet Yellen's testimony. Gold was up slightly and oil was up today. We think there will be some pullback in thae markets or some consolidation. We still expect NASDAQ to reach and breach the 5000 mark - thanks to BIOTECH sector stocks and the bubble in internet stocks.
Oil is consolidating here and trying to form a bottom - we expect thsi to move up into summer.
Watch USO and OIL etf's closely.
Trucharts team
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