Stocks are up for the most part though more modest gains ahead of the Friday jobs report. Volume remains on the light side yet again, likely still a bit pensive ahead of the Jobs Report.
SP500 20.54, 0.77%
NASDAQ 44.22, 0.63%
DJ30 255.68, 1.05%
SP400 0.83%
RUTX 0.69%
SOX -0.91%
Chips are lower thanks to downgrades of INTC, MU et al.
The big question for today is do we pick up some positions ahead of the close and the Jobs report as some stocks are moving well. Again, some on volume, many on light trade. The MU action shows you how skittish stocks are to news as a good break higher on volume fell back today on the news.
Still not terribly confident in the move higher given the weak internals. Like HLF, BKNG (though light trade), RH (light trade as well). Most likely partial positions (half or a third) given the jobs report, overall internals.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm
PLEASE DO NOT REPLY TO THIS EMAIL. USE THE CONTACT US PAGE ON OUR WEBSITE.
Customer Support: http://investmenthouse.com/contact_us.php
No comments:
Post a Comment