Thursday, June 3, 2010

Two Consecutive Up Days

We have not had 2 consecutive up days since late April. I think we are due for consecutive up days. I would wait to short this market and only the nimble should attempt to buy today. The ADP number slightly disappointed, and we've priced in a very strong nonfarm payrolls number with yesterday's rally. I expect early weakness followed by strength later in the day. Tomorrow looks like the day to put on short positions.

1 comment:

Petsamo said...

We're gonna need that buy program to save this day.