Wednesday, January 6, 2010
Early Strength
The ADP employment number was around expectations, and we've gone higher. ISM Nonmanufacturing data comes out at 10:00 AM, I expect it to beat expectations. With institutional money flows still pouring in, I expect a strong 1st hour of trade and then a selloff. I will be looking to sell if we can get to around 1136-1138 on the ES. I don't expect any fireworks till nonfarm payrolls on Friday morning, so the downside will probably be muted.
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7 comments:
Dawg, still got SNSS? Its rocketing higher today!
Just sold the SNSS DAWG
@ 1.28
HOLLA
Market direction?
Even if the market goes down on Friday, it seems like every Monday we pop back higher with mutual fund inflows. We can't seem to get 3-4 good dow days in a row.
BAD SELL DAWG..
I COULD HAVE SOLD OVER 1.40..
OH WELL..
CHECK OUT CT...
I'M IN IT YO
This market doesn't want to go down. Its either up or flat. Gold is up again and I think the dollar will get weaker this year. We're in a bull market. I don't like what I see so I'm holding off on the sell for now.
3 MORE POINTS AND I START ACCUMULATING EDZ.
I'M FREEING UP MY LONGZ...
SORRY ABOUT THE CAPZ,,, MY HEARTS PUMPING A LITTLE FASTER THIS MORNING THAN USUAL
Obama is going to fib the unemployment numbers as he has been doing the last few times dawg.
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