So.... first batch of regionals start on Monday...
Seems like there is plenty of knowledge that the NFP comes out tomorrow.
Expiration is next week.
Plenty of knowledge that write downs will continue.
the question is, will bank earnings exceed expectations.... will nfp exceed expectations.
Thursday, January 8, 2009
hmmm
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3 comments:
The market has been gobbling up bad news and doing very well.
What if...
What if NFP comes back -350K?
SPY could hit 95.
I closed my TWM today.
secret may be to trade the "anticipation of the news".
It's likley that the 50dma will be the buy signal.
but a -350 would cause caos... much more than -750K... risk is a suprise to the upside.
earnings still loom
I should have seen that bear flag in the bear flag today... Course in anticipation of the great NFP is kind of boring trading....
what was I going to say to you?...
What they need are some upside surprises out of the banks....
but I doubt they are going anywhere till monday morning.
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