Friday, November 6, 2009

Indices moved above 50 DMA @ close...NICE !!!

Jobs data was "horrible in Canada"...expecting +10K actual <43.2k> ..Canadian $ down 83 tick...

US Job loss was 190K vs consensus of 175K...Unemployment rate went UP to 10.2% while in Canada it went UP to 8.6%......

Market took Job loss in stride after initial hesitation...all indices closed in green....

Gold had the highest intraday $1100 & close of $1095.10...Gold stocks were strong.....

Oil down $2.19

VIX down 4.88% to 24.19

Strong stocks included AUY,GNK, AMZN,SBUX,NTES,GOOG,BIDU,MA,GG,ABX,IAG,
RIMM,X.......

By 10 AM Saturday..I will post a list of buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

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