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IBDvalueinvestin (99.66)

Excellent Chance to buy on the Gap Down Open today.

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April 04, 2012 – Comments (1) | RELATED TICKERS: SPY , DIA , QQQ

Why is it ? Gap down days are easy money by bears, but bulls can also profit by finding growth stocks at a bargain.

What will be amarket moving report is due on Friday of this week when we have the all important Jobs Report:

 Market Consensus before announcement
Nonfarm payroll employment in February grew 227,000 after gaining 284,000 in January and rising 223,000 in December. Overall payroll jobs now have risen more than 200,000 for three months in a row. Private payrolls were slightly stronger than overall, rising 233,000 in February after a 285,000 boost the month before. Average hourly earnings rose a modest 0.1 percent in February, following a 0.1 percent gain the month before. The average work week for all workers in February was unchanged at 34.5 hours. From the household survey, the steady unemployment rate at 8.3 percent reflected gains in both household employment and the labor force.

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1 Comments – Post Your Own

#1) On April 04, 2012 at 11:46 AM, IBDvalueinvestin (99.66) wrote:

If we don't get short covering today, we will certainly get it Thursday, here is why:

The official government jobs numbers come out on Friday, but because of the holiday weekend, the market won't be able to digest the new info until Monday.

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