Stocks edge up, shaking off weak economic news – Bought PXJ today May 26, 2011
Posted by Marlowe Cassetti in PXJ.trackback
Signs of a sluggish economic recovery sent government bond yields to their lowest level in a year Thursday. But strong earnings and a plea to push Microsoft’s CEO aside helped push stocks higher.
The Dow Jones industrial average rose 8.10 points to close at 12,402.76. It was the second day of gains for the Dow after three days of losses driven by new concerns about Greece’s debt crisis. (commentary & photo courtesy of AP)
I purchased PowerShares Dynamic Oil & Gas Services (PXJ) today after it showed good strength. Overall the RSI portfolio had a good day today.
There were no RSI picks after the market closed today. Have a good day and I’ll catch you later.
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