Unique swing trading signals and stock market commentary.
Tuesday, July 2, 2013
Hold signals.
All systems remain short and I will continue to hold my short positions. Just a reminder - markets close early tomorrow at 1pm ET. Have a good evening!
I would really rather see a sharp rejection at the 50dma for this short to work but....you never know, tomorrow looks to be an up day lets see what it brings
Wasn't able to post this am but as we are seeing when trading is thin it really doesn't take so much to move the market. Also there is like 5 billion in pomo today so......
What should be interesting to see is if we sell on whatever jobs report we get on Friday. Is a pattern developing of buy into these events only to sell off on the news?
Thanks J
ReplyDeleteI would really rather see a sharp rejection at the 50dma for this short to work but....you never know, tomorrow looks to be an up day lets see what it brings
ReplyDeleteNot without a lot of buying... futures were down quite a bit, now just off 0.5%
DeleteWasn't able to post this am but as we are seeing when trading is thin it really doesn't take so much to move the market. Also there is like 5 billion in pomo today so......
DeleteGood numbers this morning... lets see how the market reacts...
ReplyDeleteWhat should be interesting to see is if we sell on whatever jobs report we get on Friday. Is a pattern developing of buy into these events only to sell off on the news?
DeleteStill makes the fall less painful since its starting from a higher level.
DeleteI just see today as 4th jubilation... We'll see how Friday fares...