Merger Monday...April 2nd...market is going up....all puts will be crushed....
also ISM...report...Is the economy expanding or contracting....any reading above 50 says it is expanding....
Monday’s estimate are 51.2...ISM..manufacturing index is expanding...
This helps.....XLE, XLF,INTC, SMH,OIH, RETAIL, and so forth...advancers lead decliners, should be 2 to 1....
Down side....
DIA crashes 150....from geo political....arena...
also ISM...report...Is the economy expanding or contracting....any reading above 50 says it is expanding....
Monday’s estimate are 51.2...ISM..manufacturing index is expanding...
This helps.....XLE, XLF,INTC, SMH,OIH, RETAIL, and so forth...advancers lead decliners, should be 2 to 1....
Down side....
DIA crashes 150....from geo political....arena...
The fact that the DIA is stuck above it’s 20 day says alot...
I’m content if DIA trades in this narrow 200 point range for a while....
It reflects market sentiment perfectly...Not too bullish, not to bearish....
so in the meantime, pick up some double bottoms....FDX..,TM..,HMC, GPI...BIO... SMH...BRCM..INTC..MXIM...
pick up some dips...DE...TXI.... Pick up some stable...STP...
3 comments:
Ever wonder why the market usually goes up on the first day of each month...
It’s because of the ISM....The ISM report carries WEIGHT..(lots of WEIGHT)...
Go read about it, by googling in ISM....
Z-ISM....
Thanks Z-stock for posting. I read your blog like the bible!!!
nova..
I'm glad to that....I'll have to post more single charts, that have buy or sell clues on them, so later in the quarter, you'll have the same knowledge base I have, and we can alert each other when, a stock has reached a particular percentage, with the appropriate eps trend...
STQ reached 508...see STQ post...I posted 504....that's within 0.80%...so I know my methods work....
in fact TXN ..has a buy clue on it...I'll post that...next...soon...
Post a Comment