Consensus Consensus Range 168,000 100,000 to 200,000 consensus range is very tight. is the market expecting a giant surprise? whoever participated in the consensus survey obviously don't anticipate any surprises.
How was the jobs report? Was there a contradiction between green market and jobs report? If yes why? (I know how to get the report, but I do not want to expose my mind to the news because of the risk of getting biased by herd market commentators)
Tomorrows job report wont make a difference one way or the other reason being is because a good job number will just show that hiring is picking up, the economy is getting stronger and "QE2" is supposedly working. Now a great number and the market surges 1-2% Just in line the same thing, 1-2% rally Somewhat below estimates market still rallies. Well below estimate the market sells off at the open followed by dip buyers buying it back up into the close. So tomorrow will be an up no matter what the unemployment report is. Take that to the bank!!!!!
122 and a half, right now. Double hmm. Anyways, I think I just might have called the momentum top with that bit of irrational exuberance. I've been thinking & thinking about it, and finally decided today we were just a tad stretched, and have gone to ground as a result. I figure tomorrow will probably be flat at best. If I'm wrong, I will have left some profit on the table. C'est la guerre.
The dip will be bought, watch how quick they turn this market higher after the open. I can just feel it already. You would actually think that after 2 days of huge gains that today's economic numbers being so bad it could send the markets down at least 1% but I don't think that's going to happen today.
premarket futures Futures Sink After Disappointing Jobs News S&P FUT 1216.5 -6.2 -0.51% DOW FUT 11306.0 -57.0 -0.50% NAS FUT 2173.75 -13.25 -0.61% OIL 87.71 -0.29 -0.33%
Nasdaq-100 broke the high (or trading at it). I am covering the short puts. Should I start shorting? BTW, how were the numbers today? If they were not good why is the nasdaq-100 in the green? If they were good, how come the open was in the red? No matter how you look at it, it does not make sense using numbers. I bet financial news will be wearing two hats, and changing one for the other when it feels hot. However, the zero sum game makes perfect sense.