MY WORK HERE IS DONE

I don’t fuss around with the futures too much on Friday.  I have reams of stats that show me plundering away my own gains on Friday afternoons.  It takes some color out of the weekend, and who likes that?

Anyhow, I worked the primary hypo from this morning’s report, see below:

Heading into today, my primary expectation is for a slow tape.  Look for sellers to work into the overnight inventory and close the gap down to 4345.  Look for buyers to defend north of 4330 then make a move to target overnight high 4357.75.  This sets up the gap fill up to 4366.25.  Stretch target is 4370.

I can’t really envision any better than that.

I will take my stipend and focus my energy elsewhere.  What’s on your radar heading into next week?  Should I buy some small bombs because the Russell is a beast? Or should I buy the new Goldman Sachs emerging market ETF and chill?

Either way, I’ll be listening to this album cover-to-cover: