Morning all,We the DOW was once again up on Friday night, albiet...

Morning all,

We the DOW was once again up on Friday night, albiet only up 5pts. Im finding it hard to believe that the market hasnt had a decent fall in a single session of trading for quite some time.. hmmmmm

I will be following a few stocks today, these include ALZ, IRN, AIO, KZL, MCW, BRM and OEX

I mentioned Oilex Ltd (OEX) on Friday after someone alerted me to it early on. It opened at a premium on Friday @ 26.5c, before hitting a high of 28.5c (resistance), to close at its daily low of 25c. What was interesting was the closing auction. A 580K seller appeared @ 25.5c, as well as a 8749 buyer @ 25c and a 8750 seller on offer @ 25c. The match out was obviously done on purpose, and to hold it down for a reason.

IAP this morning @ 26c.. I think at some stage today the recent high will be tested @ 28.5c. If it breaks then we could very well see 35c in the coming days. With the strength in oil stocks on Friday night in the US, its a good punt IMHO. Time will tell..

Here is the chart.. Closed above resistance @ 25c.



Cheers
Kevi