Dow Jones is up by 267 points and gold is up by more than 23 points. Such increases are very bullish and we should expect our very own PHISIX to follow suit as well. Technically, PHISIX's MACD and RSI are indicating some bullishness (really bullish actually) which may continue today.
The mining sector is something to watch out for. Gold's 23 point increase may push mining up. Penny stocks MA and AR are stocks to watch out for. MA's momentum is quite strong and AR's trek towards a cent is still on.
Last week's wonder workers IP-CLOUD-DFNN has been trimmed down to just one recently, IP. The lock up until December 15 can be considered as an indicator that there is something cooking in IP. Consider this. These people who locked their capital in IP are seasoned investors and are most likely to know more about IP and its deals. There is no way that these people are going to lock their money up for either a loss or something unclear, a significant gain is definitely around the corner. What to do with IP? For those who have IP, hold it. If it gets past your average price, sell it. For those without IP, monitor it and buy if it goes down further. We may have today until tomorrow or Wednesday (max) to day trade or momentum trade. There is a long weekend ahead and long weekends prompt selling in anticipation of something bad may happen during the vacation break.
Selectively pick stocks and be defensive in trading.
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