you know my philosophy on stock market is always price/volume is your first indicator, everything else is secondary ... including economic numbers ...
Stock market is a discounting mechanism of the future, not the present ... price/vol are always ahead of macro economic indicators. You can talk a load of how bad the economic numbers are ... or you can show extreme enthusiasm on economic knowhows ... In the end ... you can't base on the economic information today to RELIABLY infer the market direction tomorrow ... The reason is SIMPLE. Stock market is always ahead.
Always react to the market, not predict the market. Always know what the market is doing and react accordingly.
Will the market crap out on Monday? Sure, if it does, simply hit eject button ...
Here we go, my top gainers as of today's close
NFLX 11% (first buy intra-day of 01Sep2010)
TNA 7% (first buy close of 01Sep2010)
ARUN 6% (first buy 30Aug2010)
CMG 6% (first buy intra-day of 01Sep2010)
BORN 5% (first buy market open 03Sep2010)
CRM 3% (first buy intra-day of 01Sep2010)
I am also holding GMCR, HLF, GLD, EGO
BORN is about to burst out. I am expect it to be another JKS. Someone is accumulating a big lot of BORN
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