12:36
Unknown
March jobs report has delivered a huge shocker, expectations were for 245 K, actual 126 K, i do not recall seeing a miss of this magnitude. February actual was 264 K.......
Monday's trading will be dominated by overreaction to jobs number.
It is important to keep in mind where support could be, in S&P 500 it is 2039.69 which is March low, IF this reaction gets ugly then we may be looking @ 200 DMA which sits @ 2013.49...
I believe buyers will step in to scoop bargains on Monday, bad jobs report equals delay in raising interest rates which traders want.....
Earnings will take center stage this week, it will be watched closely for high US $ impact in AA.....
It is important to take a long term view in dealing with gyration in this TAPE.....
We ARE watching a "normal TAPE now"
It is a stock pickers environment.....
It is important to KNOW your stocks well in terms of its fundamental and future earnings potential.
Do not be swayed by "experts opinion"..it is generally TAINTED by their strategies......
Look for "buying opportunities" which could be plenty on Monday.....
Normal TAPE is very challenging as it does not have "buying frenzy"
It may be wise to stay away from CNBC on Monday and watch / do some other chores, they always "play the fear factor"
I can assure you that "sky is not falling" and by close it may look like any other day.....
Focus should be on doing homework for future strategies.....
Good luck with your own analysis and your comfort level.
BLOG does NOT give buy or sell.
Saleem
Monday's trading will be dominated by overreaction to jobs number.
It is important to keep in mind where support could be, in S&P 500 it is 2039.69 which is March low, IF this reaction gets ugly then we may be looking @ 200 DMA which sits @ 2013.49...
I believe buyers will step in to scoop bargains on Monday, bad jobs report equals delay in raising interest rates which traders want.....
Earnings will take center stage this week, it will be watched closely for high US $ impact in AA.....
It is important to take a long term view in dealing with gyration in this TAPE.....
We ARE watching a "normal TAPE now"
It is a stock pickers environment.....
It is important to KNOW your stocks well in terms of its fundamental and future earnings potential.
Do not be swayed by "experts opinion"..it is generally TAINTED by their strategies......
Look for "buying opportunities" which could be plenty on Monday.....
Normal TAPE is very challenging as it does not have "buying frenzy"
It may be wise to stay away from CNBC on Monday and watch / do some other chores, they always "play the fear factor"
I can assure you that "sky is not falling" and by close it may look like any other day.....
Focus should be on doing homework for future strategies.....
Good luck with your own analysis and your comfort level.
BLOG does NOT give buy or sell.
Saleem
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