Thursday, January 7, 2010

Overnight Weakness

There seem to be a bit of pre-nonfarm payrolls jitters in the overnight market.  Any weakness either in pre market or in the first hour of the regular session will be a buying opportunity.  For a daytrade, I believe the close will be higher than the open.  I think there is still money that's looking to be put to work on any slight dip.  So dips are probably buying opportunities.  But beyond Friday, I am bearish due to the lack of bears and overeagerness of funds buying risky assets.

3 comments:

Anonymous said...

Sold 1/2 CT @ 1.59

DOLLA DOLLA BILLZZ YA'LLLZ

-OL DAWG

Anonymous said...

Sold rest @ 1.55 Holla

Petsamo said...

Nice call, Owl!