Reminder: Economic report = GAP UP.
#1
Posted 05 July 2007 - 02:48 PM
#2
Posted 05 July 2007 - 03:54 PM
It also could gap down unless you know the data now.Tomorrow is economic report, which will be interpreted as either "economy is strong" or "inflation is low". Should be good for 7 or more S&P points on the upside. Buy now, ask questions later.
Denleo
#3
Posted 05 July 2007 - 04:27 PM
#4
Posted 05 July 2007 - 04:35 PM
#5
Posted 05 July 2007 - 05:00 PM
#6
Posted 05 July 2007 - 05:01 PM
It could be spun in a different way:Reaction to the report can not be negative (if it is, it will be bought by 10:30).
If it is close to estimates = Goldilocks
If the economy lost jobs = No Inflation
If the economy created too many jobs = Strong Economy
No matter how you look at it, the market will go up.
On top of that we have very low volume (low volume = up market) and the bond market has already sold off (we priced it in).
Bears can't win.
Denleo
If it is close to estimates = no growth ahead, but stocks are at the peak
If the economy lost jobs = economy slowing down, meaning earnings can not keep up with the expectations
If the economy created too many jobs = Inflation and higher rate ahead
Edited by redfoliage2, 05 July 2007 - 05:02 PM.
#7
Posted 05 July 2007 - 05:05 PM
#8
Posted 05 July 2007 - 05:09 PM
Is that said with "selling naked puts" confidence? From where I sit....risk is high being long or short into the number....higher risk long imvho.
this could be throwover
http://stockcharts.com/h-sc/ui?s=$COM...id=p13266387501
http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=2&mn=6&dy=0&i=p13266387501&a=89306176&r=6196.png
Edited by Teaparty, 05 July 2007 - 05:09 PM.
#9
Posted 05 July 2007 - 05:20 PM
Edited by SemiBizz, 05 July 2007 - 05:23 PM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#10
Posted 05 July 2007 - 05:42 PM
they will have to rally indexes without stocks.
very funny.