Tomorrow should set the pace for the next few days. Traders have been waiting for the job numbers for weeks and I think they will be bad. How we react to the number is key! If numbers are terrible and we rally that will give the bulls ammunition that the market is ready for a sustainable rally as it has discounted all the bad news. Conversely if we drop on the numbers the bears will have the fuel to push us down, saying the recession is taking full hold on the economy and there is more to come. Whichever way it comes we will play it, as we are traders. Right now I am only have a few options and 2 very small positions I am currently building.
We must take is slow and easy here as the market will take you out if you are wrong.
Don't worry we only call winners here. PERIOD.
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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