Double_Bagger said:
LOYAL AG said:
FJ43 said:
How ridiculously important is the federal government? We get "good news" Wednesday with an increase in the debt ceiling and rally. Today we get "bad news" with yet another anemic jobs report and we rally. Well we look like we will rally. Logic reigns.
Wild swings pre-market. Seems like the market doesn't know what to do with this jobs report. I would have expected us to rally on this news, but the market dropped, then went up, then dropped again. I plan to play the opening range today with tight stops. Don't try to predict moves, wait for confirmation.
Fading the initial move has been the theme and it would have gotten you solid pts on the futures.......that being said.......we're recovering to the higher levels already.
But.....open high.......you sure you wanna buy?
ES at 4420 has been a road block......I'd like to see us get back up there and watch what happens.
NQ at 15020 can be trouble too.
The bears will have a chance to flip things early I think.........question is will they. They haven't been present for too many Fridays
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3