The market seems to be continuing its bullish run due to many reasons.
- ADP Job very good.. 200k
- Unemployment claims number was good too.. 368k (lower than 400k again!)
- Libya’s rebels are holding 2/3 of the Oil.. We can ignore Gadaffi for the moment.
- ISM manufacturing was good…
Everything seems to suggest that the market can resume its rally. Euro wants to increase its interest rates soon too.. This means USD weakness, and strength in RISKY assets.
Bullish on MT, AA, CLF, X, VALE, BAC, C, JPM, WFC, GM, F
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