Really, nothing brilliant to say to kick off the week...everything we do or are looking to do is in the past weeks Journals'..at least!. It's been a tumultuous first half, the noise of doom is becoming louder and we're still standing tall while the DJIA sinks 1200 pts this June alone, making it the worst performance since post 1930. Bottom feeding is not our game, if we're going to spread our money out in this market, it better put in a few 2-3% day to the upside first. Till this seemingly impossible feat other than for techincal reasons...we live by the last words here and so should all. Some charts of our fave group stocks are up..not all...to show the potential of another leg up on breakouts...
Oh yeah, a short week gives us employment numbers on Thursday, just in time to potentially throw out the kitchen sink. May just be a volatile 4 days!.
A few notes early morning can't hurt some of our groups...Arcelor Mittel, world's biggest wig of steel may have sights on RTP now, also MT has increased stake in Macarthur coal and PKX wants 10% in same, Lehman also upgrades PKX to overweight...JRCC acquires more reserves in hot Appalachia area, Deutsche raises CLF to $150 from 115. We've discussed all these types of possibilities the past little while...reserves, stakes, estimates climbing.