Market is moving very bad today. Most stocks got sold down while medical stocks weren't in play either. Instead it was the oil penny stocks that you see in the Top 30 Volume which moved. Oil stocks are very hard to play because oil itself is a soft commodity. It depends on oil price and should the oil fluctuate, it's movements are volatile and the oil related stock will move accordingly. Dyna-Mac, Rex Intl and many oil stocks move but I don't normally trade those because it's high sensitive. Oil related stocks are the last phase of a bull penny run. Be alert now.
Update: 5.40pm, 22/7/2020
Exactly to what I predicted that oil stocks are the last phase of bull penny run, Rex, Dyna-Mac and many oil related counters started to crumble down towards end of day!
Ronald K - Market Psychologist - A Stock Market Opportunist
