Unemployment Claims Dip But Is It Enough to Make the Market Green?
The Oxen Group submits:
Happy Thursday to all. The market is looking interesting today. We have some solid drop in the unemployment claims that was below expectations. Yet, the market is not reacting heavily to it. That may be because of the rise yesterday, and also, we have pending home sales at 10 AM that may actually drop year-over-year. Additionally, retail sales came out looking pretty well in the month of August. Today, it may be a show me what you got sort of day with the market not moving in either direction too strongly. Yesterday, we did not enter any new positions and got out of an Overnight Trade in Donaldson Company (DCI) for no gain at 2.20. The big story, yesterday, was our August results were in for our portfolios. We had a 5% gain in the Buy Portfolio and a 10% gain in the Short Sale Portfolio. Both portfolios continue to improve with a 62% improvement for the year on the Buy and 21% improvement on the Short. You can read the full story and check out the statistics here.
Let’s get into some plays…
Investing, Long Term Investment, stock market | admin September 3, 2010
RSS feed for comments on this post.
