Market Outlook

Today is it..the biggest day for the stock market of the year…the jobs report!

Once a month of a Friday, we have a report but this is the real one, as money managers who have missed this entire really, by doubting it, are now forced with a decision to push “all-in”. 8:30a is going to make or break the market. From people I am talking with, they are saying a 3-5% move on the indices either way, pending on the results. Frankly, I don’t know if they are right, but I will say, it’s the key for this market rally. If we dip, I will instantly go with ultrashorts via, TWM, SRS, FAZ, etc. If we look good, I will sell my BGZ and buy commodities related names of quality – like a FCX, PCU, BHP, AA, ACH, RTP…and well as banks, HBAN, C, BAC, or I will short the FAZ (high risk, research first) as being my top picks for right now!

This report is bigger than the other reports or other government programs because this will be used as the guide to see if this economic recovery is in fact “real”. If not, fear can quickly spread and we may see a HUGE selloff. Stocks will the largest run ups will be the first to go. So banks, autos, REITs will be crushed. If bad, I will probably sell F to preserve gains and buy back at lower levels. I will post everything and more than likely will be active in pre-market.