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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (578)12/6/1998 1:43:00 PM
From: James Strauss  Read Replies (1) of 99985
 
The Best Of Both Worlds...
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>>>Many months ago I maintained that as long as employment is strong the market will move up. This Friday just proved my theory. The
problem with last Friday report was that retail and retail related jobs made most of the growth.
<<<
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Haim:

With an accommodative FED stance and lower unemployment numbers there is a sense that it's safe to invest... Friday's counter market performance to an unemployment number that normally would send fears of a FED tightening through the markets has sent us a strong signal that the market wants to go up...

One of the lessons I've learned is if the opposite thing happens that you would normally expect, go with the reaction... The market has a way of giving mixed signals, but the actual market reaction to the news is the key for future market direction or individual stock direction...

Jim
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