I could say this rally has priced in the job numbers tomorrow but knowing these markets anything in line or above and the markets could easily add another 2% tomorrow, the rally is in full swing and I dont think there going to let some job report get in the way GOOD or BAD for that matter. Dec 3 8:30 AM Nonfarm Payrolls Nov - 150K 130K 151K - Dec 3 8:30 AM Nonfarm Private Payrolls Nov - 175K 140K 159K - Dec 3 8:30 AM Unemployment Rate Nov - 9.7% 9.6% 9.6% - Dec 3 8:30 AM Hourly Earnings Nov - 0.2% 0.1% 0.2% - Dec 3 8:30 AM Average Workweek Nov - 34.3 34.3 34.3 - Dec 3 10:00 AM Factory Orders Oct - -2.0% -1.3% 2.1% - Dec 3 10:00 AM ISM Services Nov - 53.0 54.5 54.3 -
Nothing is there to put pressure on anyone who s been long since yesterday- unless you have a situation where you can pressure the longs , going short is not worthwhile since every dip will be taken as oportunity to buy and remember that banks have money @0% to pump it up- money they r supposed to lend to small business and qualified homeowners- expect another gap up to break these previos highs on spy around 123
That was some real easy money target top hit perfectly on spy - frankly I had my doubts - but good ol wallstreet MM's