Friday, June 3, 2011

Sometimes Stocks Just Want to Go UP (DIA; SPY; QQQQ; VXX; MCP)

Take a look at this chart from WallStreetTrader:

If the VIX currently at $17.80, DOWN 29 cents with the DJIA down 80 and the S&P down .59% turns south, then (via BigTrends):
for the overall market and one of the best relative strength plays, Molycorp, currently up 77 cents (1.2%) at $64.79.