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Message: TGIF Market

TGIF Market

posted on Nov 06, 2009 11:39AM

On NYSE - KRY sp seeing a little pop yesterday after 2pm to make for a strong finish. Today sees 15min techs currently topped and turning. 60min and Daily techs looking good and Bullish. Current volume about 350k.

Dow seeing profit taking earlier on bad unemployment (now 10.2%) news, and now flat. Daily Techs show total Bullishness, so may be a chance to climb on board for this cycle. Ok, let's see here, from yesterday, jobless claims were less and the Market roars. But, jobless claims are jobless claims, and a slight decrease still increases unemployment. Doh! Hope everyone took advantage. Anyway RecessProofers down (except AIPC in a big way), Technology up, Ocean Shippers down, Restaurants mixed, Banks down, Energy down, Sat Imaging up. Lots of choices out there so do your DD and stay diversified.

Gold made a run at $1100 and succeeded right after Market open. Currently running at $1095'ish and still feeling the big India luv earlier this week.

BCMF appears to have mysteriously vanished. Liquidated? Likely not. Gone Covert Rogue? Hmmmm... Scouring of the I-Net found a Blog reporting a purchase of 300 lbs. of Chicken Feet and 46 gallons of Crisco. Additonal details as they become available...

Hang in there.

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Nov 06, 2009 11:44AM
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