Buying SPY on close for a juicy gap up tomorrow.
What do you guys think? Will the market be up on a strong number or will the market be up on a weak number?
Up tomorrow on NFP report
Started by
RadioHead
, May 06 2021 02:56 PM
7 replies to this topic
#2
redfoliage2
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Posted 06 May 2021 - 03:57 PM
Either way the market will go up tomorrow as it clearly wants to go up after the bull spent a few days in consolidation .....................
Edited by redfoliage2, 06 May 2021 - 04:01 PM.
#3
12SPX
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Posted 06 May 2021 - 04:55 PM
Love to hear the confidence!
#4
redfoliage2
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Posted 06 May 2021 - 05:52 PM
Love to hear the confidence!
Maybe just a few so confident as P/E ratio has been up in the sky .............
Edited by redfoliage2, 06 May 2021 - 05:54 PM.
#5
qqqqtrdr
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Posted 06 May 2021 - 06:31 PM
Well... Yes, I should have got back in as well... Over this week Q2 GDP numbers are pushing higher. Great car sales, and new home sales. Consumers must be flush with money. Commodity prices are sky high... Economically speaking the economy seems strong.
#6
fib_1618
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Posted 06 May 2021 - 08:41 PM
Well... Yes, I should have got back in as well... Over this week Q2 GDP numbers are pushing higher. Great car sales, and new home sales. Consumers must be flush with money. Commodity prices are sky high... Economically speaking the economy seems strong.
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#7
redfoliage2
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Posted 07 May 2021 - 08:52 AM
Either way the market will go up tomorrow as it clearly wants to go up after the bull spent a few days in consolidation .....................
Some took a quick profit at the gap up, but the resulted dip got bought quickly ....................
#8
pdx5
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I want return OF my money more than return ON my money
Posted 07 May 2021 - 09:10 AM
Until 10 year treasuries reach 2%, path of least resistance is watch the sky. Unless of course we get involved in a shooting war or covid variant show up.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
