Friday, April 4th: Quick Hits
Unemployment Rate 5.1% - The unemployment rate jumped 0.3 percent to
5.1%, which is the highest it has been since September of 2005. The non-farm
payrolls fell 80,000 in March, which is its biggest decline in 5 years. These
numbers just confirm that there are still some bumpy waters ahead in our
economy.
Stocks to Watch - Here are 3 stocks out of the SP500 that recently
pasted 6 positive technical analysis indicators. This of course does not mean
the stocks are going higher but at least worth taking a look at. BJS, SVU and THC.
Thursday, April 3rd: Quick Hits
Senate Hearings - The Senate committee hearing on the Bear Stearns
takeover was surprisingly semi-interesting. It was fascinating to hear the lack
of involvement Bear Stearns actually had in the whole takeover process, at
least as far as the price that was going to be paid. I guess the fact that the
other option was chapter 11 means you do not have options. The other thing that
I found hilarious was the fact that senators were actually giving Ben a hard
time about the FED not acting in time to avoid the credit crisis we are in. I
think some of them had better take a look in the mirror...what have they done
lately?
Stocks to Watch - Here are some stocks out of the SP500 that in the
last day or two passed all three of these tests, but had not passed them in the
recent past. First, the closing price is above the 50-day moving average.
Second, the fast or MACD line is above zero. Last, the stochastic oscillator is
above 20. Here they are: BC, PCL, BRL, BRCM and LSI.
April 3rd was first day of Quick Hits.