Job creation of 431,000 is being taken as bad news...41,000 real full time job was created....BUT indices are taking it on the chin as consensus for Job growth was 520,000+...they are down from 2.07% to 2.27%...Nasdaq being down the least.....
BUT..it is NOT the end of the world....technicals are NOT damaged so far....Nasdaq is actually staying above 200 DMA.....
Gold UP $4.80 after being down before
Oil Down $2.54
Canadian $ down 1.06 cents to 94.99..even though Canadian economy created double the expectations in Job growth..24,700 Jobs vs expectations of 12,500.....
Euro is @ 1.1985..lowest level in four years
In my portfolio :
Sold NVDA
Bought CNQ @ $35.52
Portfolio is CNQ,CRUS,LVS,SNDK,SOLF,TCK.....
Most stocks are down....
@ 12.36 following are green :
SOLF,EGO,GS,KGC,SNDA,SPWRA....
BLOG does NOT give buy or sell.
Saleem
5 comments:
S & P 1040 is the key.
Hi Victor,
Yes..1040 should hold @ close !!!!
Saleem
Hi Saleem,
Yes, its going to hold today, but I think we're going to have another week of selling.
Hi Saleem,
Sweet! Look at those valuations!
As you said before 9700 on the Dow is most likely the bottom.
It may be a struggle till fall when the season changes.
Best Regards
Hi Standards,
I am ignoring indices level & buying stocks which looks good when market turns UP....
Too much fear in the market today plus weekend......
Saleem
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