Strong Data

Strong economic data in regards to consumer spending, consumer confidence, and manufacturing are positives for stocks going forward.  Is it enough to overcome fears from the sequester?  So far even though stocks are off their lows, the US dollar and Bonds are showing no sign of pulling back.  For this reason, I am allowing my positions a chance to work today.  As I mentioned yesterday, risks are high but given the technical picture of the market, I am willing to take that risk.

Advertisements

Posted on March 1, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: