Bulls are weak today, they better show something by the close or else were going to intraday lows. Surprised no one is rushing into buy after all those big money managers are yelling SPX 1250-1300 by the end of 2010
My models told me yesterday to expect buying for QQQQs at 44.80 and below. They opened it at 44.50. I covered/hedged all the shorts. I expect stability to a possible rise from here. Now August Doldrum for real after a possible sharp rally?
Bulls are buying it up. Get ready for a green close if this keeps up, time to put all bad news aside, especially that great CSCO earnings report and buy, buy, buy.
USD/JPY now at 86 area. Offloading here, as this sucker can make some sharp retreats, but it looks as if it wants to go higher. Better I lock my gains, and wish the buyer luck.
I never check reports/news/etc. I look only at my models. Should I check reports? When is the next report? You mentioned a weekly jobs report, is it tomorrow (Friday)?
The job report was this morning. Tomorrow is filled with much news CPI RETAIL SALES CONSUMER SENTIMENT BUSINESS INVENTORIES