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
6 comments:
S
looking very bad for today
thoughts
thanks
Hi C,
Today is the low ...we may turn for close.
Nothing to do today except buying.
Saleem
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
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
Hi C,
Not bad for lusy jobs report.
APKT certainly is showing strength.
Saleem
Hi Michael,
FCX ...i am monitoring in my watch list now....
YES..LULU is trying to stay green...but market is wobbly today.
Saleem
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