Market is again proving that it IS predicting better economy by IGNORING Jobs Data FEARS...
Many "seasoned traders" must be surprised @ the resiliency of this market by not only closing in GREEN but near high of the day......
Market internals were way stronger than close...no wonder most stocks were UP....
Some of us have been preaching to "relax" with this TAPE...which IS very orderly & STRONG.....
Gold & Silver have shot UP...so be careful about your entry point....I generally do not CHASE any sector......IF i missed the move and did not participate.....so be it......
Oil,Financials are looking attractive.......
Buying @ right price IS very important ....RSI is a very good guide......
Friday is here...Jobs data will start the trend which I expect to be better than consensus of 225k...then long weekend will take hold & volume will taper off......
AH SNDA reported beat on EPS...guidance to be given @ 9 PM CC.......
AH Futures are flattish
AH Oil is UP
AH Gold is Down
AH Silver is Down
BLOG does NOT give buy or sell.
Saleem
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