First up is Washington’s announcement that unemployment is down under 8% for the first time since 2008.
And then we have a Goldman Sachs (GS – NYSE) upgrade from “Neutral” to “Buy” on “strong earnings power and superior capital allocation.”
Bottarelli Research Tip: ADP is another of those bellwether stocks that predicted a broad market rally when it put in a 4x Buy Signal Stack back in July and broke out to new all-time highs at the beginning of September. Now it’s reaching for new highs again, and the lack of technical obstacles and current angle of attack should allow ADP to add another $4 to $5 by the end of October.
– Bottarelli Research
Source: Bottarelli Research
