Futures rallied in the morning after the employment numbers but sold off. Market did attempt to rally after the initial sell-off. USD had a nice rally and if this continues this will drive down the prices of gold and oil stocks. Gold stocks will take a bigger hit than oil stocks. At this point I recommend that people reduce their risks especially if you are buying stocks on margin.
I'm long SMSI which closed at $10.60 today and plan on holding those.
Out of all the stocks that I recommended last week ARQL, HEAT, EGO and GFI came down to the buy price. EGO and GFI sold off as all gold stocks. There is a small loss on HEAT and ARQL is doing great.
I will run the scan later this week and post the picks.
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