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Friday Job Data is Better than Predicted (5/6/2011)

(2011-05-06 06:39:56) 下一个
Job Data is better than predicted (in short term, it doesn't matter if this data is faked or not). Market was nervous about this especially when commodities was sold off heavily.
S&P tested the break out point of inverse H/S yesterday (see my previous chart). I would say it is successful (although still need to give it a few days to confirm).
Since O8 obviously is preparing for his re-election, I think we need to change our investing strategy in near term.
Buy things that will benefit from lower energy price instead of higher energy price, and concentrate on dividend paying stocks.

For this reason, sell commodity related share on rebound (but still keep some energy shares that pays more than 3% yield).
Buy things like SBUX,TGT,PAYX,AAPL,CAT,DD,NKE,CMG, and some other tech names, even BAC/JPM here for coming summer.
I don't expect commodity back in play till at least SEP.


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