..SPIN

This ain't that first Friday of every new month when your significant other might allow you to partake in a night of drinking with your mates, it is instead the Friday of the dreaded US non-farm employment report that the market is highly anticipating that might cause you to lock yourself up and drink alone tonight!.   We don't think so and most don't,  but we've seen enough surprises over time.     Let's get the numbers out and allow the spin to start. Yes, the spin on the air waves, the spin in print.    Everyone will have a say and your mind might become mush come Monday morning.  A slant will come from every direction.....good news is bad news..bad news is good....blah blah.  We are just happy the day has come and we can get on with things.  Why?  The bar has been set low for earnings season, this can create many a opportunity as pleasant surprises should arrive.   We just want to get on with this possibility and find fresh meat to trade.   The pork can fly routine won't last forever.  We're gonna have to get back to analysis of companies, charts and trading with a more sophisticated crowd then some of the crowd that is going back to their day jobs after this China circus ends. lol    The good and/or  bad of this is it creates a false impression in many eyes that they can trade,  a few too many will take their lumps at the end of this and will be calling their bosses begging for more hours or their job back.    The hedgies started this last month to pump up their losing books after the subprime debacle, unfortunately they will leave a few in misery when the pigs nosebleed falls to their lips and turns to lipstick.    A bubble of any sort leaves a few or many in the dust.   As far as yesterdays action, the wait and see atmosphere prevailed and the snooze came over the market and the indices moved marginally higher by the close.  A little better action was seen in some of the DJIM stocks, we expected Wednesday dip to temporarily, at least wear off on the VMW AZZ FSLR GS.  We were not disappointed by their action..

FSLR closed up 3% and looked strong at the close, which is always the best measuring stock.    Just as we noted last week, this one remains the only solar we'd concentrate on.    LDK/JASO below 9ema will surely drive the dip binge buying soon, but we'll remain out.   As far as LDK, we said it will be volatile and so another slide was no surprise late in the day, we're following the script yesterday on this one going forwad.  VMW, AZZ had 2% rebounds and are fine holding above 9ema.   EJ, WX had similar days on the China front.    We want to be looking at stocks that were performing the best and close to most recent highs if the market gets a good vibe today again.    RIMM can only do so much by itself.

The shippers, notably DRYS TBSI moved off 9ema yesterday. EXM should follow if this small reversal holds. 

The HANG overnight might give the China's another round today. We picked up some MHJ yesterday. This is actually an interesting EPS story. This is a holding company with some interesting prospects to grow EPS in a big way.  It's EPS ain't too shabby now and can only grow.
STV, that China IPO has priced 12mln ADS at $16.   KUN RCH GSI will continue to be played.  Briefingcom is helping along with intraday notes as we saw in GSI..lol

So if the teachers still didn't go back to work and therefore be added to this non farm payroll, this Journal and the stocks in it could be firewood very soon.