Even though series of bad news came out today, the market rallied upside. Remember this market manipulation is not over yet. Consumer debt rose to 11 trillion in September. Consumer are spending more then they are making. With high unemployment rate and continuous spending, the credit bubble will likely to burst in Feb or March 2012.
Did someone noticed SYMS filed for bankruptcy and the stock rallied up by 26%. This is just perfect example of how manipulative this market is.
Did someone noticed SYMS filed for bankruptcy and the stock rallied up by 26%. This is just perfect example of how manipulative this market is.
I don't like stocks below $10 as it has very high risk but at the same time it can reward quickly. The stocks under $10 which are opening low tomorrow are DNDN, NVTL, VVTL, NTRI, HGSI, RIG and FIO.
This stocks are good buy for few minute to few hour.
Stocks under $20 which are likely to rise tomorrow are DRV and ERY.
Those who use options can play with FXE, AAPL, CMG, MA, V and CF.
The other economic data to look out are
Chain Store Sales
Jobless Claims Under 400k is very good number and would mean bullish sign and stock will rally up. Above 420k is very bearish number and stocks will sell off. ( 8:30 AM ET )
Productivity and Costs (any number above 2.5% is good sign)
8:30 AM ET
ECB Announcement ( Rate cut will be bullish sign, if there is no rate cut then its bearish sign)
8:45 AM ET
Bloomberg Consumer Comfort Index
9:45 AM ET
Factory Orders (-0.2% is expected)
10:00 AM ET
ISM Non-Mfg Index (53.5 is expected any number below this is bearish sign)
10:00 AM ET
Stock is expected to open low tomorrow after Eu and IMF cutting bailout for Greece.
No comments:
Post a Comment