Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: GROUND ZERO™ who wrote (39650)	10/31/2012 7:15:38 PM
From: Keith Feral	1 Recommendation Read Replies (2) of 218677

Bond market is waving the caution flag again. It managed to close out the month above 1.66% which keeps the monthly buy signal in place for higher 10 year yields, but it could still slip if dollar rages ahead in November. Jobs data expected to be weak this week, which has yet to gather any momentum since last Spring. Given some of the necessary cuts in banking this quarter, job growth could fizzle along for another couple months. I really don't see employment picking up til new housing begins to kick in next Spring. Hopefully, that will create a positive turn in the private sector as a real cyclical recovery begins. Market still needs to get through the final round of earnings this week and next to wash out final earnings disappointments. I guess we'll see what XOM and CVX have to offer in the way of downside surprise over the next day or two.

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