Thursday, May 7, 2009

JOBS...JOBS...JOBS...

Everyone was talking about the bank's stress test today. I think this was really a non factor...and I'm not alone in thinking that. I feel like the big news story is coming out tomorrow with the employment report. If that number is better than expected...or if it shows a faster recovery in the economy is taking place, I think the markets could explode ...up. The sell off today is testing the previous resistance in the DOW and Nasdaq. If this holds, I think the buyers will become more aggressive. The move down today did create some possible buying opportunities, but let's see what the news is first.

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