Thursday, July 5, 2007

Not sure how the market will re-act to tomorow's influential job report. But preliminary feeling is that it won't be anything good:

Let's say if the job creation is better than expected. I assume the bond yield will rise further. It will be difficult for homeowners and businesses.

How about less than expected. I hope not. I think the market has not been priced into the fact that there will be a shortfall. Consumers are getting squeezed by rising interest rates, high gas and food prices, and lower home values. The only bright portion of it is that they are still get employed. But....

Today's market looks interesting: The market is supported by big tech names: AAPL, GOOG, RIMM. Not much for the remaining sectors. It looks SPY goes a little tired with dragonfly doji forming. QQQQ is strong, though.