Thursday, June 2, 2011

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

Indices closed mixed.

Internals were negative.

It is all about Jobs report, expectations are for 150K job growth & unemployment rate @ 8.9%. We have rarely met expectations. As markets were under selling pressure since May, there is a good chance that negativism on a miss may not last long.

We are near lower end of the trading range, so a chance of rally is much higher.

Stocks which were UP 2% or more included CCJ,PLCM,
RENN,SINA,BIDU,SOHU,ARUN.....

AH Futures Down

AH Asian Markets Mixed

AH Oil,Gold,Silver UP

BLOG does NOT give buy or sell.

Saleem
at

6 comments:

  1. cJune 3, 2011 at 5:55 AM

    S

    looking very bad for today

    thoughts

    thanks

    ReplyDelete
  2. Stocks100June 3, 2011 at 6:34 AM

    Hi C,

    Today is the low ...we may turn for close.

    Nothing to do today except buying.

    Saleem

    ReplyDelete
  3. cJune 3, 2011 at 9:04 AM

    S

    I do hope so

    wow I do see some green LULU is doing good

    APKT is interesting
    FCX is going back to test $52

    ReplyDelete
  4. MichaelJune 3, 2011 at 9:07 AM

    Saleem,

    It is time for our LULU to run. I bought a couple of stocks this morning: FCX 48.6, CLF 86.7. We may see their low at this time. Next time, they may go lower. However, I intended to sell when they reach their high range. Thanks.

    Michael

    ReplyDelete
  5. Stocks100June 3, 2011 at 11:02 AM

    Hi C,

    Not bad for lusy jobs report.

    APKT certainly is showing strength.

    Saleem

    ReplyDelete
  6. Stocks100June 3, 2011 at 11:03 AM

    Hi Michael,

    FCX ...i am monitoring in my watch list now....

    YES..LULU is trying to stay green...but market is wobbly today.

    Saleem

    ReplyDelete