Your Personal Trader - DJIM Journal 2011

Coming off an overnight low of 1255 ES, ‘dip buyers’ came in for an impressive ~20pt reversal as investor sentiment was bolstered once again by ‘stronger than consensus’ eco’ data, notably ‘jobs’, ADP numbers on the heels of initial claims last week. Higher revisions to GDP likely once again.. In all, as concluded yesterday… "..any further broad market hiccup would be buying situations".

Wary- Never hurts for watchful prudence in the markets, even when all is seemingly hunky -dory. Heightened expectations for NFP # now, consensus moving up to approx.. 200+. If it doesn’t come in 200+K, markets holiday party might be curbed.

Shadowlist

Momentum/earnings/“winners of ‘10 – the star of the day goes to recent list add, BSFT +14% as it fed of all things 4G related coming out of 'CES Vegas’. This one is ‘nutcase’, so it’s all about entry timing. (eg.9ema). Newsflow is driving the group as a noted possibity to start the week…QCOM/ATHR marriage, RIMM pushing higher on Playbook unveilings. Small caps-Software/networking stocks act very all. (APKT CRM FTNT ). Addition to list: CAVM, this one could have been added easily last year, but there were enough names to trade.
Commodities - Nothing new to add here. Even with a precious metals, some base metals in a higher USD environment the Ag’s-Coals outperforming. LNN,, pushed higher early ~4% to recent gap before fading some.
Consumer - Retail numbers in focus Thursday, hopefully wakes up group for some trading oppy.
Financials - streak continues after a day off (BKX >3% YTD)