Wednesday, 7 March 2012

ADP employment figures push US Stocks to open higher today! Let us see how it ends today...

U.S. private-employment growth is picking up, according to data released Wednesday that showed payrolls rose in February for the 25th month. 

Private-sector payrolls increased 216,000 on the month, more than the estimated figure of 203,000.

Good that at least this report is better than expected. 

This is what I hope for, so that the Bears can retreat a bit after yesterday's slaughter. We still have Non farm payroll on Friday, hope it is good either. This is the only way we can still sustain the run.

But do be extra vigilant from now on...

The relentless climb in January is over.

Rgds
Daniel


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