Monday, May 4, 2009

Overnight pricing just out of reach

We were stopped twice once for $500 the second time lost a $100
We had charted a higher entry point for our sell trigger but it was not reached  yet
which means back to work. There is housing and construction data coming today 
 As it should be the NFP(Non-farm payroll due Friday should be talked about and have influence sooner) will probably have a stronger effect than it has of late 
Jobs or the lack there of will dictate the tone as a leading indicator. H1N1 has been discovered in    a hog but it caught it from a human still commodities seemed to get hit by this and oil ticked down slightly systemically with the rest of the pack.

We believe a base has been formed we have been saying so since March 9th
Move profits from last week into the secondary account and cherry pick equities on significant pullbacks or what I like to call stock sales. Our Stocks are RIMM X and C