Nobody knows the outcome of tomorrow’s report, do we rally? do we sell off? Personally, I think we are in better shape to rally tomorrow if we close in the red today. I don’t want to see any strength into the close, none.
As far as my trading this year, I have done little, not many trades to speak of. Here is how I’m positioned going into tomorrow’s number.
Long UYG, Long SRS
Long a few small caps just incase we rally further: JASO & CLNE.
To me it make sense to be long a few small names, especially the ones Obama endorses. These names could easily double in a months time, should the bulls come out to play for the first quarter.
When next week begins, I feel we will have more of a normal market. We have yet to see any volume come in and lord knows there is a lot of money waiting to pile in. If you’re getting antsy to put money to work it might be best to wait until tomorrow afternoon.
Better yet, if you wish to make a trade, call your bookie and take Florida.
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yeah … we will rally into the weekend … some PPT type action late in the day
he says
Obama’s handlers feverishly petitioning the PPT to put booster rockets on the market as we head into the inauguration party.
This is exactly what I did not want to see happen into the close, but then again, who knows.
I would sort of agree R.C. I am seeing better individual setups on the long side right now than the short side, and a lot of the shorts I watch have reversed higher instead of breaking down. They(the shorts) don’t seem to be acting right. The big variable is the jobs report and the reaction to it, but so far, this has looked relatively calm as a pullback and support around the 50 day moving averages has held. We’ve worked off most of the overbought condition as well.
Now if we break those levels support levels tomorrow to the downside, then things change big time.
This is too good not to share
http://montana.craigslist.org/cto/984509690.html
To go with that man-ness check out DTO for a short play.
MAC, agree 100%.
Florida Panthers? I don’t know Rage……
Yeh baby. Long market and gators. Go SEC.