Indices were sporting better than 1.50% loss...BUT buyers conviction brought a major turnaround from 1.30 PM right into close.......when the closing bell rang indices were down .20% to .37%......
This market is showing "unusual resiliency" even when many economic reports are coming in "below expectations"...Jobs report could have killed this rally as "articulated by many bears"..BUT market ignored this "major bad news" & turned around.....
VIX down 1.63% to close @ 21.74..lowest close in a while....
Stocks which were UP 2% or more included RIMM,MA,TSL,AUY,IAG,
CSIQ,LDK....
BY noon Saturday, i will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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