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RANDOM THOUGHTS BY TPC – IN LIMBO UNTIL FRIDAY?

2 September 2009 by Cullen Roche 2 Comments
  • The market appears to be taking a bit of a breather as we await the Friday jobs data.

summary

  • The route in Hong Kong continued last night as the market traded down 1.8%.  That slide has to end before global markets can stabilize.
  • Since when did we allow our markets to be dominated by a $4 stock (I know AIG is “$40″ now, but don’t let that reverse stock split fool you)?
  • Volume is relatively heavy again today even though the market is flat.  Downside volume is dominating the action again at 2:1.  Weekly breadth figures have turned decisively negative.  There is no longer any leadership in the rally.  Look out below….
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Comments
  • James

    I’ve been saying the markets would stay flat because everyone is expecting a correction or a further rally. I still believe that +/- a couple hundred points on DOW,

    09/02/2009 at 12:26 PM
  • Dean

    IMHO, the quantity of jobs is secondary to the quality of new jobs created. A total jobs number that combines temporary, seasonal and/or close to minimum wage jobs is simply misleading.

    Here is the trend that we have to worry about:

    http://www.youtube.com/watch?v=UJ_Dk8e2XLk

    09/02/2009 at 1:51 PM