First up is Washingtonâ€™s announcement that unemployment is down under 8% for the first time since 2008.
And then we have a Goldman Sachs (GS â€“ NYSE) upgrade from â€śNeutralâ€ť to â€śBuyâ€ť on â€śstrong earnings power and superior capital allocation.â€ť
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 itâ€™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