This morning an encouraging jobs report gave traders and investors optimism with regard to a soft landing. As they say, "It's not the news, it's how the market reacts to the news". Obviously futures are pricing in a big opening gap, which of course lends itself to a opening gap strategy which we've discussed recently on the Tagboard. A fill of that gap is a likely scenario, but were the market goes after that, especially toward the close, will give us some indication as to how much further this rally will go. Watch the trade.
Friday, March 09, 2007
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