We'll see some great volatility throughout this coming week. Profits can be easily had, with 20-30 point ranges in the ES probable starting mid-week on Wednesday. Take a look at this: Tuesday: Consumer Confidence (with UMich Consumer Sentiment on Friday this shouldn't be good) Wednesday: ADP Employment Q1 GDP-Advance Chicago PMI Crude Inventories FOMC Policy Statement (my projection is they hold rates at 2.25%) Thursday: Auto Sales Initial Claims Personal Income/Spending PCE Core Inflation Construction Spending ISM Index Friday: The Employment Report Be prepared for everything this week as we'll see a lot of news and great volatility. Week-end SPX Target: 1350 (yes, I'm that bearish)
Haha, wouldn't doubt it. That is why I don't have anything positioned before the news, expect a small position in SPY puts (I think VIX is going back in the mid-20s).
You know what they say.. Sell in May and go away.. Let's pray to the almighty Mr. Market for a huge wave 5 downleg over the month of May - I have some long term money to put to work! 4 digit DOW and 3 digit S&P - Let's just go ahead and get this over with!
i say 1440 by end of week. employment number will be good this time and market will rally. ADP is always good and fed will lower .25 to keep market up. so that everything looks good and bamm week of may 5th where u will see some selling and whole may will be bloody. thats what i am reading on some of the blogs... bull for a week..
Yeah sure. Take a look at the charts, they are telling me its going higher. SPX, NDX, DJIA all above resistances, which become support now. Money market accounts paying 2-3% where do you think those funds will go?