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
blog comments powered by Disqus
Subscribe to:
Post Comments (Atom)
Disclaimer:
Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell, recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise.