Discuss Market Comments 06/06/11

Breaking down, but due for a rebound - Stocks were rocked again on Friday after the announcement of the May jobs report, which many expected to be bad, was even worse than expected. The Dow was down about 140-points at the open on Friday, nearly came back to break-even, but closed down 97...

Current Daily Market Commentary

Market Commentary for 6/06/11

 

[JTH]

Tom, aside from the admin work which keeps you busy, it's amazing you find the time to give us a blog everynight. It's also nice you're able to give us different perspective not offered anywhere else with the forum. Do you ever feel like you have too much information to work with, or how do you filter out everything to make your decisions easier?

 

[tsptalk]

Thanks JTH. I wouldn't say I have too much info because I do limit myself in what I read. I look for things that match my philosophy, which are mainly chart patterns, and extreme readings in sentiment and overbought / oversold indicators.

Things like the jobs report or GDP mean little to me except its affect on investor's sentiment and what it did to the S&P 500 chart. Stuff like that.