Breadth came in at 2,300 gainers to 3,300 declines. The bears made a small dent. Once again, the stronger dollar hurt oil, gold and commodities. Weak same-store sales data hurt retailers, but the semiconductor and pharmaceutical did well. Tomorrow will be driven by the monthly jobs report with expectations quite high after the ADP report. There are some very big whisper numbers floating around online, so the risk of disappointment is quite high. Even if the numbers are solid, one has to wonder how much has been priced in after 5 straight up week. The dip buyers will continue to be hungry on another big POMO day.
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- Hungry Hungry Dip Buyers?
- Jobs Optimism
- High Expectations
- Apple (AAPL) vs Financials (XLF)
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