Gappy

I have gone mostly sidelines with the seasonal stock market bounce stuff, but also am not short a single thing.  With that disclosed, here is a gappy view of the SPY. Does yesterday’s gap up on some Fed guy’s jawbone seem particularly healthy?  One would think that gap has a good chance of filling, just as the Santa gap did.  Those gaps from October and … Continue reading Gappy

‘Jobs’ +252,000 in December

+252,000 vs. 230,000 expected and unemployment drops to 5.6%. From BLS (full report here): Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing. Fortress America continues to vacuum in the world’s … Continue reading ‘Jobs’ +252,000 in December