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Market Wrap-Up for Feb.3 (EL, CLX, WYNN, C, CMI, GS, more)

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February 3rd, 2012

Market Wrap-Up for Feb.3 (EL, CLX, WYNN, C, CMI, GS, more)

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A better-than-expected jobs number had the markets popping once again today. Is the market overbought at this point? Probably. But we aren't going to fuss about market gains at this point. Remember, we're in the business of making money. In the meantime, the S&P and Nasdaq have still not had a down week in 2012, while the Dow was barely lower for just one week.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.