Gap up to new high, so normally the gap won't be filled. I'm not sure because as I said last night, NFP day tends to open high go lower, so let's wait and see.
Global ES goes exactly like I planed last night. Whether this is the last push up, depends on bear's luck. Guess bears need pray here again.
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GOOD MORNING EMPLOYMENT WATCHERS (other than the NFP beat)
Here is a curiousity from yesterday: Kelly Services (KELYA) reported eps beat: 64 cents vs estimate of 42 cents.
Their eps 60% above the same quarter a year ago.
Their conference call (podcast at kellyservices.com) was very upbeat and positive……….
Then yest the stock tanked -17.7% http://stockcharts.com/h-sc/ui?s=KELYA& ... =256049690
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cobra wrote:Gap up to new high, so normally the gap won't be filled. I'm not sure because as I said last night, NFP day tends to open high go lower, so let's wait and see.
Global ES goes exactly like I planed last night. Whether this is the last push up, depends on bear's luck. Guess bears need pray here again.
Good morning Cobra and All,
Nice shaddow on the oval on the es. Yesterday I followed you on my cell on Twitter. Your comments were so good that I didn't have to hardly load a chart. Thanks again for being there. jimme
QE3 just fell off table, FED Funds pricing 100% rate raise for 2013 (sorry Ben)...the unwind trade will be powerful, i think this gap will be seriously challenged
for freestockhcarts...you can customize any of the indicators and then "save" them at which point they will show up under your indicators menu for future use. so for now, it's cut out a few steps for me as i've saved the top 5 moving averages i throw up on every chart so now it's only a 1-2 click process.
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Add that to NFP statistics of opening high and reverse...and you have your daytrading: sell the gap up.
Theres a probability that a nice correction is coming, since NFP days are also key turning dates, as cobra points out.
For those that have opened short positions like myself...its a great pain...but i would not close right here...i see many bears capitulating, thats what they want to sell the whole thing in your face.