Exxon +2.42%, Chevron +0.78% (second blue day,), Shell + 1.46% and BP +1.14%. NICE! no pullback at closing. And guess what? NO UK traders / FTSE to influence NYSE on Monday because it is bank holiday in the Uk but not in the US. Next week is profit boys (hopefully), congrats to the one one who bought today, you are lucky bast*rds.
Agree NewKOTB, Chevron has been upgraded to $108 from $104 that 25% gain from today's price. Abbott is launching a $5 testing kit that works in 15 minutes in September that is considered as a game-changer for reopening the economy, watch Airlines stocks flying which is good for us. Stimulus checks have restarted partially, the good news are coming our way.
I smell profit.
AhMrBond, you will have the opportunity to sell at 3 and buy lower, this Yo-yo will carry on for some time, use it at your advantage, don't be emotional with this stock. I have traded this stock 25+ times and made some good money. The good news is the oil price is going up at least.
Additionally, there is no DJ bubbles as such, look at the stock names, each stock represent an industry, this is an industrial average index, the only consumer tech stock is Apple. There is no Facebook/Google/Netflix/Tesla/Amazon.
https://money.cnn.com/data/dow30/index.html
Gavster-NBC, your trading range 250/350 is huge, we are more likely in a 270/310 for the weeks to come. Regarding the changes with the Dow Jones is was necessary because the Apple 4/1 share split, the Downs Jones is calculated based on the share price not market cap. These changes could infact propulse the DJ to new high helping the like of Chevron and other Oil stocks. The DJ does not need 2 oil stocks, it is an industrial average index. My thoughts is we will see 3.00 before2.50, I am hoping to see good things from the FED Memo on Thusday.