Friday, January 7, 2011

Indices pulling back on below consensus Job growth

Jobs are not being created fast enough ,latest tally is + 103K vs expected +175K....there was an upward adjustment to Oct & Nov data by +70K.Unemployment fell to 9.4%.

Market was factoring in "better than expected"......

On the contrary, Canadian Job Growth came in better than expected...

Indices are down around .45%.......reflecting major improvement in "overall economic picture"

Gold Down 80 cents

Oil UP 21 cents

Canadian $ UP 35 tick @ 100.64 US for 1 CAD

Portfolio is FFIV,MGM,PCLN,RVBD....

Most stocks are Down...

@ 12.15 following are GREEN :

MGM,PCLN,NFLX,GOOG,WYNN,LVS,
MGA,SOHU,MA,SOL,CCME,KLIC,ATML,
IAG,AEM.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

psrajpal said...

Saleem,

Thanks for the stocks finds. I sold ADBE and AUY and bought MGM and TER yesterday.

MGM is on fire !!

What are your thoughts on C and BAC.

Regards,

Paramjeet

Stocks100 said...

Hi Paramjeet,

Thanks for your feedback.

BAC is better buy !!!!

Saleem