Bull!

This was a different kind of day….the markets continued in the direction they opened….and in a very strong fashion. Advance/Decline volumes were huge: NYSE A/D volume closed at +34:1. That’s a decisively positive day! It’s not often you see a panic buying spree. Now, do we get some follow-through on Friday?

According to the Stock Trader’s Almanac, Friday before Memorial Day tends to be lackluster with light trading. But, over 60% are bullish! Maybe we do get a follow-through.

My long positions were looking a lot better today than earlier this week. C UWM and ABK are all green. UCO which was way underwater is now getting close to the surface and may get green in a day or two. My DRYS calls still have a way to go, but I have until January for them to recover.

Going through my scans this evening, there are way more stocks than I can keep track of during the day. So I may fine tune and keep scanning to pick the cream of the crop.

Tomorrow, I’m hoping, I can actually get out of some of my positions. I’d like to lighten up for the weekend. Besides, I need to buy a lot of ribs and beer! We’ll see how that goes. Have a great Friday if you’re trading….and if you’re not, have a wonderful weekend.