Tonight they definitely rally, no questions asked, there is no way the markets fall for a third day in a row triple digits....thats why I'm long XIV and sold 1/2 Yang. I know the rally comes tomorrow, as for friday thats all up to the job numbers, last month they missed by 4 miles, all i know is were moving another triple digits tomorrow no questions asked....
I agree and expect the market to go higher tomorrow - it was only Yellen's fat mouth that drove it down.
I could see it being a half day rally though, if speculators start to take positions to price in the job report in the afternoon prior to Friday. Should be interesting either way, I went long before the close, already up nicely.
The price has been Lower than the Low of 17th April, which means the party is Getting Started. This time the topic of the party is "the return of the bear". Boys, let's get the drink and wait.
Futures down triple digits this morning...im quite surprised by this....looks like support will be just about broken on the s$p this morning.....haven't seen the markets like this in a lonnng time....Asia was down a lot last nite and Europe down nearly 2%%...who knows if this is a dip or the start of a serious correction .... Wall Street set to open sharply lower as yields weigh S&P FUT2060.50 -13.75 -0.66% DOW FUT17663.00 -115.00 -0.65% NAS FUT4339.25 -33.75 -0.77%
The future has proven what I said. Since the party has started, I don't think we will have a quite good non-farm payrolls and employment rate this Friday, could be the catalyst.
market should power ahead I predict at least a triple digit gain of 125+ points going into the close.....as soon as the momentum builds its moving higher....I sold my DWTI today at $64 even though I know its going to $75+ figure let me take profit after seeing it run up $5+ and the rest of YANG at $6.00, holding XIV and ERX for the RALLY !!!! XIV should power back to $40+ and ERX to 62-64 by tomorrow if all goes well and the market turns north.... Other than that still short...