JOBS JOBS JOBS
Markets open lower on the heels of "subpar" employment growth as the economy lost 4k jobs for the month of August and job growth for the July was also reduced.
Strongest sectors- GOLD SILVER metals, drugs and biotech while homies, brokers, retail, airlines and semis lag.
The internals are pretty dreadful with a net of 3700 losers on the NYSE and NAZ;
OEX 4 WINNERS - JNJ BUD MO MRK- LOSERS LEH AA LTD GM COF AXP IP DELL;
NDX 10 WINNERS- GILD LOGI DISH XRAY JNPR LBTYA BMET SIAL ADSK- LOSERS SHLD NVDA SNDK RIMM AAPL XLNX NTAP AKAM AMAT ALTR GRMN.
VIX ramping about 8% and about 8% above the 10 day SMA.
Levels- The SPX may find some "temporary" support at 1460, the 200 day SMA area and NDX should find some support at the 1965 level, the 50 day SMA. The 50% area also around here on the SPX- so maybe a little bounce off these levels.
Cramer declares we are in a recession 969 AM and don't forget that he also declares the DJIA will be at 14,500 before the end of the year. HE DA MAN.
posted by DAVID at
9:47 AM
3 Comments:
GILD up 1.25 rest down badly.
Doug Kass said CNBC to have a facelift in conjunction with Fox Business Launch.Many crossing over--Maria stuck in contract.Faber may cross.If Pisani does so will I.Fast Money still good but I can do as well on Pete and Jon's OptionMonster site.
TWM up 1 plus.
ike
"Speed of execution will be a key to this agreement, and there will be an incentive to Fluor if this project is performed ahead of schedule and below budget. This latest agreement once again demonstrates execution of our strategy as we align our resources to facilitate our capacity expansion plans."Chinese
LDK Solar press release on 1 billion dollar contract to Fluor.He mentions execution twice,I think He is CONCERNED!!
ike
Under Armour, Fast Money, and us
We have received some fun feedback from last night’s Fast Money show on CNBC. There are many things to remember when viewing the show vs reading the blog, but primarily there is a clear difference between stocks we may like (or hate), and options that trigger our interest.
Our HeatSeeker research tool is the primary catalyst we rely on for gaining an edge as to the location of the strongest speculative interest. Our blog commentary is based on HeatSeeker research, as well as our years of trading experience.
On the other hand, there's Fast Money. Last night on the show, we had the CEO of Under Armour Inc., a company I have followed since before the IPO. An exciting night last night, due to the growth and success enjoyed by the athletic retailer and a personal love of the product line.
The theme coming from the e-mail received was “So I guess you like UNDER ARMOUR!!!” Hey, the stock has rocked higher and I support the stock by owning many of the products; however, to clarify there is no option activity to state a reason to own UA at this time.
It is the beginning of the football season and it has both Jon and I a little giddy….
By: Pete Najarian
From Optionmonster--He did go wild on interview--Dillon wanted to know if He wanted UA Ceo personal phone number!!!
Football opening--go Colts--
My McD coffee is coming on line,why not in this market//
ike
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