The jobless claims came in gangbusters, at 388K, and so did the Chicago PMI which came in well above expectations, as did Pending Home Sales. But why are we lower than the open?
The year end rally players surely must be all in already, which leaves only one thing: closing out of positions. Well they will want to close them out soon, and with the excess speculation that is built into this market, the pain trade is down. Still short and in no hurry to cover.
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3 comments:
Covered ZLC @ 4.45
cash money $$
OL DAWG
Who was that guy what's his name (sick puppy?)that said his system is indicating a good down day from either Wednesday to Friday?
Did he call customer service at Walmart to return his system? If he has the receipt he gets a full refund within 30 days of purchase.
Was a shitty system never buy systems at Walmart. At least Best Buy.
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