Wednesday, September 1, 2010

Seasonals

The next 3 days are seasonally positive as we head into the Labor Day weekend.  It makes sense since the first day of the month has "real money" allocating to the stock market via automatic purchases.  And ahead of a holiday weekend, usually everyone who wanted to sell already did so earlier in the week. 

The only factor would be how the nonfarm payrolls number comes out, but I can't picture a big selloff on the number because of the low expectations.  Looking at my crystal ball, today should be up due to first of month inflows, Thursday is a crapshoot, and Friday should also be up. 

1 comment:

Tsachy Mishal said...

No contrarians here.
http://capitalobserver.blogspot.com/2010/09/now-thats-exreme.html