Buyers shut it down to close out the week. Net-net, we’re down a touch on the surface, looking at the lazy Nasdaq. It was all but over after the Nonfarm Payroll data.
It was an interesting number to watch hit the market. Futures were already up about ten points, and about 5-10 seconds ahead of the number buy flow was already rushing in. Price jerked right up to one of my homework levels and whipped a 12 point counter rotation from it. Buyers stepped up on the first dip and assembled two more smooth pushes higher.
After the open we formed a nice compression near opening swing high and had a small thrust before lunch/tee-time. Summer trade ensued. It’s 85 degrees today it feels like the fourth of July people.
All the while, all week really, stocks started to coalesce into textbook bullish technical patterns. Mark my words closely, write this down: the real money is made Monday.
Go HAGWE Dominator style.
PS – The Exodus (formerly known as PPT) flaggest oversold yesterday if you had the brass to sit through this mornings data.
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