We got ourselves a pretty nice sell-off into the close that took us from green-to-red on the day. Being how overbought we are when this occurred, coupled with the light volume, I think there is a better than average chance we continue this mini-sell-off into tomorrow as well. So with that, here’s 6 short setups
We got ourselves a pretty nice sell-off into the close that took us from green-to-red on the day. Being how overbought we are when this occurred, coupled with the light volume, I think there is a better than average chance we continue this mini-sell-off into tomorrow as well. So with that, here’s 6 short setups
By far one of my best screens in determining who is buying what on the street! What you will find are those stocks that, among other variables that IÂ use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This is a good screen to
We are definitely seeing some weakness heading into the open today. If we get a bad number when Jobless Claims comes out at 8:30am EST, we could see some pretty heavy selling ensue. Currently, US Futures are down 45 points on the Dow, 11 points down on the Nasdaq and 6 points on the S&P.
[UPDATE: Jobs number is out and the market is running hard. Payroll fell 11,000 and unemployment rate fell back to 10% flat.] Today we get that all important jobs report. Will the unemployment rate jump up again as it did last month, or will we find it subside a bit. We will soon find out,