Yawn.....nothing changes, continue to hold support, there was
not much selling on the pullback, I could see it pushing higher
agian...why not have the SPX go to 1011 - 1015 the 38%, close
enough.
Or....another scenario I could see is for the market to hold up
into the Jobs report on Friday; then we get a better than expected
jobs report, but the market sells off on that i.e a sell the news
event.
Until then, play some nice breakouts that are taking good
volume like
YSI today
consenus of 580K could easily end up over 600k. Even if
only 575 or so, I think at some point these increasing numbers
have to result in a light going on in someones head.
Maybe not - maybe this will just be a unen"light"ened recovery
as well as a jobless one!
Market, SPX 30 chart
Posted by matt on 4th of Aug 2009 at 03:54 pm
Yawn.....nothing changes, continue to hold support, there was not much selling on the pullback, I could see it pushing higher agian...why not have the SPX go to 1011 - 1015 the 38%, close enough.
Or....another scenario I could see is for the market to hold up into the Jobs report on Friday; then we get a better than expected jobs report, but the market sells off on that i.e a sell the news event.
Until then, play some nice breakouts that are taking good volume like YSI today
jobs
Posted by macnsc on 4th of Aug 2009 at 04:53 pm
consenus of 580K could easily end up over 600k. Even if only 575 or so, I think at some point these increasing numbers have to result in a light going on in someones head.
Maybe not - maybe this will just be a unen"light"ened recovery as well as a jobless one!
Sell the news Strategy?
Posted by johnc4b13 on 4th of Aug 2009 at 04:02 pm
Matt, when is the best time to short a stock when the news is good? Or buy a stock when the news is horrible?