Markets....where to ?

This week May will show its much dreaded start.

Let us see what is in store for this week & how it may play out :

-May 2nd is ECB rate decision

-Friday is Jobs report

Those are the key driver of this TAPE

ECB may give us the good news of rate cut, this will be a huge positive for worldwide stock market.

Friday's jobs report is expected to disappoint again......150 K is expected, we will be lucky to come close to this number...so Friday could be a down day.

TAPE is acting very erratic in many commodities like Gold, Oil.......

Some traders are resorting to gain by crook like tweeting explosion in White House......ironically no one is nabbed yet?

IBD still believes that "market is in correction"

My guess is, that we may look very strong & make new highs all over...then come Friday & we head lower.....

As i have said repeatedly, do not be fixated on S&P 500 or Dow or Nasdaq...focus on individual stocks & know their pattern well.

There is tremendous amount of money to be made in individual stocks...most of these stocks have been ignored by Wall Street.

There may be opportunities in non-sexy sectors like Gold,Silver,Copper,Coal,Iron ore, Steel, Solar to name a few.

SO you can be all fixated on "sell in May" BUT there is money to be made in many stocks.

Whatever gives you the profit should be the mantra of the hour / day / week / month.......

So get to doing some quality homework & benefit from weak TAPE as & when it comes.

Do not forget to lock profit, don't be greedy till October.

Good luck with your stock focus, let market do what it needs to do.

BLOG does NOT give buy or sell.

Saleem