Starting the day up a lot would make me nervous. Right now markets are looking like up a little to start. Maybe that means we can build slowly throughout the day.
If I sell anything today it will probably be from the consumer sector and I will trade at the end of the day. As I always write, I hope I don't have to sell anymore.
The jobs report was in fact puzzling as it turns out it didn't count jobs lost in a manner that would be expected. The were upward revisions to previous reports which does indicate some measure of strength.
The various signs of strength and weakness and signs of inflation and no inflation make this little stretch of time very unique. It is these divergences that I think will catch investors leaning the wrong way no matter what direction the market goes in. If this makes any sense, paying attention to things like the 200 DMA or whatever is important to your investment strategy takes on more importance.
The ten year is now up to 4.42%. It moved up so quickly I have to wonder if it is oversold.
Bernard Sanders from Vermont has to be the most entertaining politician in the country.
Wikinvest Wire
2 comments:
Where did you see Bernie?
he was on squawk to defend the pork.
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