An ugly jobs number (+80k vs. a +100k estimate) sent traders fleeing the major stock indexes to cap off the week.
I've been hoping for a pullback so I could add to my own equity positions, but all the stocks I'm long right now have just stubbornly refused to sell off... it's frustrating.
So far this looks like a normal and healthy pullback. The trend indicators that we rely on over in my ETF Master Trader Program continue to suggest that investors and traders alike should be buying these dips.
Cyclical stocks such as Metals, Oil and Oil Service stocks appear to be where the biggest piles of money are moving toward.
This is an area of the market that has been absolutely gutted over the last three months, and a place where most individual investors have been fearful of treading. However, very often, that is where you will find the biggest money making opportunities.
The Tycoon Report