When I look at the tape, I get the feel that a lot of
'Players' are already gone. Use caution when trading and
make sure Longs have high volume. I'm not going to force the issue
tomorrow because it's going to be worse. Basically, don't force the
issue and trade just for the sake of trading, be selective or take
off and be with your family or do something around the house.
The Big Items tomorrow will be the
ECB and the Jobs report, the ECB will strongly affect commodities
such as gold and of course the Jobs report will affect the general
market. I will watch those items to see how they affect the
market, otherwise I'll probably cut out way early tomorrow, and you
should too..
I really think a lot of the traders are spooked by the ADP
report as some were looking @ the jobs report as a possible
catalyst for a rally...i could be proven incorrect buy SPX
1292..looks like it for today
When I look at the
Posted by matt on 2nd of Jul 2008 at 10:57 am
When I look at the tape, I get the feel that a lot of 'Players' are already gone. Use caution when trading and make sure Longs have high volume. I'm not going to force the issue tomorrow because it's going to be worse. Basically, don't force the issue and trade just for the sake of trading, be selective or take off and be with your family or do something around the house.
The Big Items tomorrow will be the ECB and the Jobs report, the ECB will strongly affect commodities such as gold and of course the Jobs report will affect the general market. I will watch those items to see how they affect the market, otherwise I'll probably cut out way early tomorrow, and you should too..
ADP
Posted by dylan398 on 2nd of Jul 2008 at 11:18 am
matt,
I really think a lot of the traders are spooked by the ADP report as some were looking @ the jobs report as a possible catalyst for a rally...i could be proven incorrect buy SPX 1292..looks like it for today
Yes agree
Posted by matt on 2nd of Jul 2008 at 11:36 am
Yes agree
ECB Thursday
Posted by rvk1958 on 2nd of Jul 2008 at 11:15 am
Matt, isn't ECB 25 baked in? If no move or a 50 BP move how do you think the market reacts?
gone bye bye
Posted by kpolzin on 2nd of Jul 2008 at 11:11 am
I would not think many would not want to hold over the weekend and that for a lot of people starts tomorrow.
So I too am off to the Hamptons. Well actually the roller rink. Hope everyone remembers why we have a July 4 th.
Steve: PLease get some rest !