Todays Quick Rally

Starting blogging today for School assignment...see how it goes.....Chose the finance area, interesting plus pretty damn global!

Today trading shot up heavily and but couldn't rise above yesterdays high.  Seeing a resistance pattern forming.   A few seem to think that this market is overbought, and due for some selling after the long rally of March.

  My thoughts.....Pure guesses!

  1)Not overbought-Leaders have yet to lag signifigantly ....Tech such as Microsoft are still in demand

  2)Market is reacting to bad news less and good nows much more!   (This may indicate a bottom)

  3)Commodites have a slight jump, but more is needed to bring up industrial stocks

  4)Thursday will be interesting as Job numbers report.....Could be a indicator of how traders think about economy.

-interesting tidbit in National Post on wednesday about how car sales were up signif but production was down...

Stock picks....Modine manufacturing...would need to see assets...stock hammered

-Rim reports on thursday as does SCHN...

-SCHN probably a buy....

-Rim hmmmm.....Canada is so myopic in its RIM, yet everyone has one.   Buy It