Tomorrow is the employment number which will stink up the joint. But the market is hovering near the top of the range and not gaining any downside traction. Therefore the bad number is built-in and there can only be a positive surprise. So nobody expects a sell off. Any upside would be the only surprise, but good news for the economoy is bad news for the market.
We are hovering near our target of SPX 1120 and I want to get OUT OF THE WAY of the number.
We are lightening up.
SELL:
Century Aluminum Company [[cenx]] near 14.00 over 21% gain.
Goldman Sachs Group, Inc. [[gs]] near 162.50 a 9% gain.
Oceaneering International [[oii]] near 61.70 a 15% gain.
Trades to be run near 2:45pm EST…(Forget it, I’m out 1:30pm)
Stay long:
L-3 Communications Holdings, Inc. [[lll]]
Hudson City Bancorp, Inc. [[hcbk]]
Kulicke and Soffa Industries Inc. [[klic]]
Telecom Corp of New Zealand (ADR) [[nzt]]
Short eBay Inc. [[ebay]]