So far oil is acting quite well. The markets obviously need a breather here. Then again today’s action is quite impressive. I don’t see the markets crashing and burning in the near future. A mild correction seems to be the most probable outcome. No matter what the outcome will be it means that with selected stocks you can still trade breakouts to the upside. Overall the situation got tougher though. This is a good time to do more watching than trading.
Over the weekend I’ve updated a past posting and added a new David Bensimon Interview with Smartstox. I agree with his views of a mild correction. He talks about oil extensively which might be interesting to listen to especially if you followed me with my DXO – Powershares DB Crude Oil Double Long and AEN.TO – Antrim Energy trades.
My latest public list addition is MRGE – Merge Healthcare. I think this is a great turnaround stock with high potential. Do your own DD. MRGE – Merge Healthcare’s latest news release does sound impressive. Volume and price indicate the market loves that news. In my book it is telling more good things are to come. Here is a quote from the news release:
Merge Healthcare (NASDAQ: MRGE), a leading medical imaging solutions provider, today announced an alliance with Shanghai Kingstar Winning Co., a healthcare IT leader in China. The Merge Healthcare China office (“Merge China”) will make available clinical imaging solutions and professional services to Kingstar Winning for use by more than 800 hospitals in its install base, as well as future Kingstar Winning customers. This latest win for Merge provides a large step forward with the adoption of Merge technology in this growing market.
Have a great evening!
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