Top alert for 2014: MYGN (50%), LIVE (45%), CTIC (115%), KOOL (88%), PZG (32%), GOLD (6%), IOC (6%), RSOL(18%), PLUG (70%), IMMU (26%)

Monday, August 29, 2011

US Economy data weekening

The rally for today market make no sense as the economy data is weekening. The Dallas Fed Mfg survey and Pending Home sales Index were very week. Dallas Fed Mfg Survey Prior Consensus Consensus Actual Bus Activity Index -2.0 -6.0 -10.4 Production Index 10.8 1.1 Pending Home Sales Index - M/M -1.3 % I think the stock will pull back as lot of economic data is coming out this week. If the stock rally it will only last till Labor day. GLD and VXX are still very attractive. Tomorrow more economic data are coming out ICSC-Goldman Store Sales 7:45 AM ET Redbook 8:55 AM ET S&P Case-Shiller HPI 9:00 AM ET Consumer Confidence 10:00 AM ET State Street Investor Confidence Index 10:00 AM ET FOMC Minutes 2:00 PM ET

No comments:

Post a Comment