TUESDAY NITE 8-2
the market wants to ignore good earnings, and play economic reports. ok, fine by me, i can play that way too—-
they have the friday’s jobs reports number—the fix is in—it is set so low, 50K, i think there will be a surprise to the upside. tomorrow, ADP jobs reports, 100K estimate. if that gets 150K, look out bears,
i’m looking for an intraday bounce 1262 or 1272, on the spx for wed. if
above 1272, that could be enough buying, to reach my other signal at
BTW—i’d short 1305 if i see that—i’m suspecting the vix to trade sideways, next couple of weeks.
bet you spx is up 12-14 points intraday wed –i have strong signals, say this will happen, because my bands are stretched too far.
SEA OF GREEN in after hours trading—-
utilities are up in AH, must be interest rates are pulling back–
UPS,TGT,AMGN,GILD up +1 to +2%, yep, i think we get an up day, wed
BBY had an up day, falling knife is finished, i bot today
monday overseas trading—-
Toyota posts big first quarter loss hurt by quake, yen
if the dow trades in a 75 point range tuesday, the vix can drop 5 to 7%. 2 sessions in a row, where the dow trades in a narrow range, can drop the vix down to my 21, signal.
VIX @ 21, has a long signal. vix going under 21, that favors my SPY signal reaching 1319
COF, long again, today.
CLF is clearly being handed its hat. look for 80′s in the coming weeks.
or maybe it gets there quick…in the meantime its a short the rips.
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