Market Alert - To the Close

Sluggish session after the Friday jobs report surge. Started stronger, but that attempt at a rally failed for this day.

SP500 -2.93, -0.13%
NASDAQ -10.99, -0.21%
DJ30 -20.48, -0.11%
SP400 -0.04%
RUTX -0.13%
SOX -0.25%

Slow with small losses. Really just a day off day.

Oil rallied 3% on a story, out of Argentina, talking about OPEC production cuts. Venezuela is the definition of desperation. It will try anything to try and turn things around. So dependent on oil and it is finding out socialist policies don't help when what you use to pay for all of your government spending is not worth as much.

We took some gain on AGEN, NPTN. Closed remainder of OPHT. Bought some BIDU early but it is struggling after the stronger open.

AMSC announces results in the morning. It has not moved much for us but it sure has a nice pattern. Going to let some run through earnings though you may want to close some or all depending upon your risk tolerance on this one.



Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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