Boom Boom Stocks 1/7/2010 | Bulls on Wall Street

Boom Boom Stocks 1/7/2010

Morning folks . Futures are a bit flat we are seeing some slight sell pressure but nothing alarming..  Reaction to the jobs report has been muted.  This is to be expected in some ways. There are certain cycles in the market where this type of economic news is met with all sorts of volatility as good reports get faded, bad reports get bought…. opening gap reversals etc.  It seems like for now we might be shrugging off these things as bad report means more QE! and good means better economy!
Reaction today will be what everone is watching. We do have a few reports out today ECRI index and Consumer Credit (yaawn)  Big thing today is these dips off negative reaction to jobs report have been getting bought for many many months…a change in this tone is something to watch and be wary for.
Stocks im watching today

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