{+++}The Euro slipped today and forced a continuation rally in the greenback which put big pressure on oil, materials, and metals. Yesterday, we saw the same thing, but some of those sectors managed to recover, not so much today. The S&P is basically where it started the week and I think the market is waiting for the big jobs number that is released tomorrow morning at 8:30. A bad number may take the shine off the apple tomorrow, so let’s be prepared.
Some names on our list had some pressure like BTU, and IDT saw some weakness too. Everyone on Wall Street seems to be waiting for the correction that never comes, but it will come at some point, we all know that.
I am keeping DNDN on the list as it went through the stop by only pennies. I still like our gold short via DZZ and it should do well if the dollar stays strong.
I always say that some charts look Picasso’s…..until they don’t, but there are still some decent patterns around. I don’t relish putting out new names for Friday trading, but I am adding the names below to the P&L. Also, watch RVBD as a bonus name if it can get above today’s high. which was around 39.64.
Good luck tomorrow and have a great weekend.
