RE:RE:RE:RE:May presentation is outI am looking at closing prices and don't see where it feel a dollar below any time recently. what date are you referring?
Indicator wrote: Sugaree ... Yes I see NVA has had at least a couple of previous significant bounces off the 50 MA however the last one NVA dropped through a full dollar lower. No magic in the 50 day MA but it roughly forms part of the lower channel line that shows continued upward movement.
It's noteworthy that NVA has been out perfoming peers and its rising channel is more or less intact.
Rising rates seldom good for stock market and I think a rough ride is ahead this summer, perhaps less downside risk for energy. I am selling into any decent bounces and *cautiously buying seleective pulls. Will I miss some upside potential, probably, buy I'm ok with that. Can park cash at decent rates now and getting better, so good time to take a break over summer.
Good luck!