Indices staged a half decent close despite down markets in Europe & poor Jobs picture.Volume was low.
S&P 500 @ 1559.98
RSI @ 56.17
CMF @ 0.301
Internals were :
UP volume led by 2.27 to 1 in NYSE & 2.24 to 1 in Nasdaq
Advancing stocks led by 1.65 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 65 in NYSE & 3 in Nasdaq
VIX Down 2.25% @ 13.89
Oil @ $93.26
Gold @ $1552.40
Stocks which were UP 1% or more included BAC,JCP,RDN,
M,LULU,DNKN,CF,MOS,HMC,LNKD,GG,EGO,SLW,
AEM,V,CRUS,GMCR,FB,LRCX,MU,CIEN,FNSR,
V,SNDK,MON,FSLR,SPWR,MCD,MGA,MS.....
AH News FFIV Down 15.84%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, it is all about jobs report consensus is / was 190K to 195K, yes it was the higher number before. I think jobs number may be well below consensus, 160K is what i think. IF that is what it will be, then indices may be in for a rough opening. FFIV warning is more of a pattern for well known tech companies. I will highly recommend not to have "popular Techs" in your portfolio @ earnings time.This market from April to October may serve you better if you are in boring & hated names. My portfolio reflects that thinking.
BLOG does NOT give buy or sell.
Next post around 7 PM on Friday....there is only 1 closing post on Friday, but i am available for any question or comments whole day.
Saleem
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