SIRF’s up!
The markets continued their downward momentum the first couple of hours on Friday, but soon realized the error of their way and turned around and slowly trudged up. Afterhours, after the Treasury said they were close to shoring up FRE and FNM, those stock surged but retreated. XLF and UYG ended the AH session well above their close. This sounds like a setup for a Monday pop!
SIRF was my reprieve today and made about 25% on it. But being Friday and all, I wasn’t all that active in the market, especially after yesterday’s big burn.
We’ll have to see if the financials continue their up move and if they can drag the indexes up with them. I’m gonna study charts this weekend, not only find some stocks for next week, but also to do some forensic analysis of the indexes to burn those chart patterns into my brain. Have a great weekend 