Thursday, March 31, 2011

Mixed close in Indices ahead of Jobs report......

Nasdaq closed slightly higher while Dow & S&P 500 closed slightly lower...sort of flattish picture.

Internals were mixed.

Stocks which were UP 1% or more included POT,BIDU,SOHU,JDSU,
CIEN,FNSR,STP,SOL,FFIV,
SNDK,EBIX,TSL,CF,AGU.....

AH Futures UP

AH Asian Markets Mixed

AH Gold Down

AH Oil UP

It is all about Jobs report @ 830 AM, expectations are Private sector +200k  & 175K overall job growth.This number has missed most of the time BUT market reaction is based on trend...current trend is UP.

BLOG does NOT give buy or sell.

Saleem

4 comments:

Michael said...

Saleem,

Is there anything on the news for RVBD to have a big drop today? Thanks.

Michael

Stocks100 said...

Hi Michael,

I think it is about FFIV....which is dragging RVBD & APKT.....

Oppenheimer was pretty positive today for RVBD business going forward but is cautious based on valuation.

Hopefully we have seen the lows in RVBD today......

I will hold RVBD.

Saleem

c said...

S

Good day sir

Looks like POT is rocking up

Great

TELCO's are a dud today

I guess we should have gotten some CMG and Amazon!

Have a great weekend
Oh
DO you think POT got more room to run up??

Stocks100 said...

Hi C,

POT is showing relative strength in the sector..which means more room to go UP $$$$

Saleem