Your Personal Trader - DJIM Journal 2011

Following the early week slide, we noted…”Considering very good eco data is irrelevant as today showcased, anything more than a bounce into a probable good NFP# can’t be expected”. Well, we might have to rethink the ‘irrelevant’ part following today’s ‘bounce’ right to this week’s highs,( if ) the whispers of 250k-300k jobs are hit or not!. Will it bring conviction buying if hit or will we continue sideways trading going forward. Guess we’ll see soon enough and so take it a step at a time. Anyways as discussed yesterday again, a ‘bounce’ possibility existed thanks to the combination of a big sell off day w/ the chance crude would ease off following a big >2% day would generate optimism into the jobs #. Truthfully, it might have generated a little too much optimism putting aside everything (crude >100, Libya, Saudi Arabia etc. ) for the day.

Shadowlist

Q4 earnings update- some of the best action was from this DJIM shadowlist sub group. TDSC >10%,OPNT >9%. On the less volatile’safety’ side, SXCI, TBL traded in NCH(new closing high) territory.
Consumer- life coming back here today and maybe a good sign forward…WYNN (nch) and FOSL,UA,TBL 4-5% higher.
Commodities – many sources as per Briefingcom/CNBC all over ‘coal’ today. What took you so long?. CLF tacked another ~4pts climbing back over $100. WLT,ANR also put in ~4% days
Momentum/earnings/“winners of ’10- A few like RVBD had decent gains, but overall still sloppy considering the huge rally as the NFLX,FFIV,CRM hardly showed up. Opticals were mixed, some like OPLK, FNSR, FN performed ~4%.