Move Higher On Jobs Report

3
Sep

Posted by Jim

Last night we discussed several issues to address relative to the play list today:

Protect your gains in fixed income assets. The yields on Treasury bonds moved higher again today with the 10 year back at 2.62%. This is impacting the value of the bonds and plans relative to stops should be addressed before the decline accelerates. That assumes equities will rise as well.
- Yields spiked early on the jobs report. 2.71% was the number and took our stops on bonds from our view short term. Longer term holding will depend on the strength of this bounce in stocks. Watch and manage your risk.
Gold is hanging tough, but the downside is a concern as well. Watch and mange your stops accordingly. Adjust your stop accordingly.
- Dropped early on the jobs report, but bounced back. This is what I worried about short term is selling relative to the economy picking up and no real threat of inflation on the horizon.
Dividend plays are doing well and we will let them continue to remain with plenty of room for the stop relative to volatility.
Be patient and follow the strategy laid out.
- This will be important for next week as the market reacts to the bounce off support and hitting against resistance. Patience and keep your stops adjusted to the risk.

We will address or outlook on Monday on the Watch List – Tune in for more.

Category : Play

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