Dow Reaction To Jobs Numbers

Discussion in 'Trading' started by MrDODGE, Dec 4, 2008.

Dow Close Friday December 5th

  1. -401+

    9 vote(s)
  2. -201-400

    12 vote(s)
  3. -51-200

    3 vote(s)
  4. +/- 50

    4 vote(s)
  5. +51-200

    5 vote(s)
  6. +201-400

    5 vote(s)
  7. +401+

    14 vote(s)
  1. Where do you think the Dow will end the trading session after the big jobs number is announced tomorrow?
  2. I've got a better idea... this is the secret to making money in the market so don't tell anyone.

    Instead of guessing... wait for the numbers to come out... forget what you think will happen even if the numbers skewed one way or the other... once they come out still don't trade... there will be big players making bets... wait to see who wins and JOIN THEM!!!
  3. it somewhat depends on the #s...
  4. Lucrum


    My sentiments exactly.
  5. You also have to look at the revisions. Sometimes the intial numbers don't move the market at all.
  6. BadCo


    The problem with this line of thinking is that by the time you JOIN THEM, it's too late.

    For example, the job report comes out pre-market. So, if the market opens on a big gap down, and stays flat the rest of the day, how exactly do you make money?

    Trading on economic data is simply a losing proposition. Even if you knew the data in advance, there's no guarantee how the market will react.

    The last Employment Situation report exceeded expectations on the downside, yet, the market went up, that day.
  7. ElCubano


    By waiting to see if the move is going to be voilent and huge....then proceed with caution...if not go cut the grass....peace
  8. Buncha weathmen here!

    What will the weather be tomorrow?

    D. or I have no f*in clue!!:confused:

    :D lol
  9. dve250


    Don't trade the news, or you will lose. Buy(sell) the rumor then sell(buy) the news.
  10. the market almost never sells off on econ data. The last time there was heavy selling on job loss was way back in 2007 when the unemployment rate went to 6.1%. bad numbers are already priced in so market will most likely surge 250 or more points easily. As usual, most those gains will be made in the final 30 minutes.
    #10     Dec 4, 2008