It would seem the Dow was very happy with the non farm payroll figures by the way the markets finished on thursday & we will possibly follow depending on monday. Resource stocks are looking extremely strong but also very overbought & one gets the feeling that a buy in this area could be a mistake at such a late stage. Retailers have pulled back and will most probably come into buying territory soon. Some of the banks are heavily overbought for a while now & could be good shorting opertunities , but one must be specific on their picks.
My stock pick tommorow.
No comments:
Post a Comment