Posted by Blain 30 April 2012

Market Recap, Bulls Favored to Start the Week

(The Dan Zanger seminar was fantastic and I will be writing up a full review later this week for those who have written in asking about my experience. Expect a link posted to it with a future market recap.)

A slight pull back today from the markets on lower volume is nothing major. Bulls remain in favor heading into the week. Otherwise not much to report besides some Monster (MNST) drama with Coke (KO) rumored to be considering a buyout. The stock ran up to $84 from $65.50 and closed back down at $65 by the close, a wild ride.

Updated analysis below. See you tomorrow!

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Comments

  1. Posted by Anoni on April 30, 2012 at 7:51 pm

    Sell in May go away?

  2. Posted by Balda on May 1, 2012 at 2:27 am

    Not yet

  3. Posted by Zach @ DSO on May 1, 2012 at 6:44 am

    I'm holding on to what I have this May, especially since the May washout may have already happened this year. I'd love to see KO add Monster to its portfolio.

  4. Posted by Blain on May 1, 2012 at 9:18 am

    I've been wondering the same thing myself, what May holds in store for the market. Seems as of now an upside break is far more likely here early in May.

    RE Monster I guess it'd be Coke's biggest acquisition to date. MNST should be a fun stock to day trade the next few days as rumors spread. The even close tells me though Institutions don't think it is going to happen.