Wang’s Happy Trading

from My Happy Trading.com

Commodities and related sectors continued to bounce higher today.  Crude closed above $120/barrel and gold traded nearly $840/ounce!  Energy stocks added to their gains: HES +4.89%; CLR +5.4%; HK +5.94%.  Gold and silver miners jumped: AEM +6.93%; ABX +6.76%; PAAS +6.26%.  Coal stocks bounced for the 3rd-straight day:  CNX +4.14%; ACI +8.06%; MEE +6.8%; BTU +5.87%.  Financials and techs were on the weak side.

The Dow closed up +12.78 points; SPX added +3.18 points; Nasdaq slid 8.7 points:

As mentioned earlier, commodities were strong: USO (oil) +4.5%; UNG (natural gas) +2.32%; GLD (gold) +2.8%; SLV (silver) +3.87%; DBA (agricultural commodities) +3.72%.  XLE (energy) added +2.51%.  XME (metals and mining) gained +2.48%, while GDX (gold miners) jumped +5.86%.  OIH (oil services) was up +1.91%.  XLF (financials) slipped 1.82%, but, HGX (housing) advanced +2.32%.  Techs were weak, with SWH (software) down 1.43%.  FXI (Chinese ADRs) gave back 1.71%.

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