Monday, March 8, 2010

Bulls Like the NFP

Looks like we've got some more bulls now thanks to the jobs report.  Add to that we're close to the resistance area near the 2010 highs and its a compelling case for getting short here.  Maybe we'll blast through again higher, but I view that as being very low probability.  I expect some oscillating action in the first hour of trade and then the market weakening into the final hour of trade, where the bulls will try to make a stand.
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2 comments:

  1. Anonymous3/08/2010 02:24:00 PM

    Sold 2/3 CNLG @ 1.85 OL DAWG

    ReplyDelete
  2. Anonymous3/08/2010 10:10:00 PM

    By the way, this trade was made in the first hour of trading.

    I couldn't post it because I had to go to work. (serving rocks to all the junkies in the hood yo)

    OD

    ReplyDelete