Friday, March 9, 2018

#JOB #'s Gives Wall Street A Lift #NASD Full Recovery Mode

Beating expectations with 313K Jobs have given investors a sign of relief.

Although, the futures market have anticipated good figures, the overall tone on the street seems to gather some positive tone especially from President Trumps twist in his tariff plans and talks of a meeting with NOKOR have also provided a similar positive reaction in the market.

With that said, the #DOW has now opened and seems to carry this positive sentiment above the 25K level that most analyst have been critical of and staying above ground at the end of the week's trading would also be a good signal about investors worry on inflationary pressures that dragged the market in the earlier weeks.

The spill over effects on the #SP500, #NASDAQ and #RUSSELL have made these moves more appropriate where we can find the market's 'CONVICTION' well within the 9 year bull run that the market has accommodated so far. Of course, not without several price selloff that have taken out a huge chunk of its' market cap during the massive declines.

The closely watched price consolidation after the market's huge selloff  which have established a little wider HI/LO range near the lower band can be considered a stabilizing factor for prices to have a good base when prices do continue its Northward trend direction. With the exception of the NASDAQ index where it is nearing a full price recovery before the decline at 7505.

With that said, after today's report the market is humming away from nursing its wounds and would find a renewed confidence for bulls to get its real confidence back to gain traction and build a convincing rally. However, the closing of the first quarter would provide us a better view other than knowing where interest rates are heading into the year end along side with the USD.


2 comments:

  1. A nine year bull run can not simply be broken in a matter of two weeks. Huge decline indeed, but thanks to Sir Paul Getty wisdom on investing; the CONTRARIAN thinking have proven to be true at this point. As the NASDAQ have led 2017 it has done it again with its full recovery above 7505 as of this writing.

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  2. Excerpt: Market Call as of Feb 19, 2018
    As US equities has been in a 'V' shape full recovery in the making for the #NASDAQ ever since the VIX and US Treasury threshold have provided a green light for the recent rally. US Equities Relative Price & Volume Increase Attractive for Investors Again!

    VALIDATED as of March 9, 2018 Market Call two weeks in the making from Feb 19, 2018.

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