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That observation was valid when made. By that point, it had also conventional wisdom. And we all know what happens to conventional wisdom where the markets are concerned. The NFP-fade has been the exception, not the rule, over the last eighteen months.

I know, but I wonder. If the market is truly repricing risk then these high-volume zones based on previous price behavior may be irrelevant. In other words, this may be one of those situations where the profile just doesn't matter (for now...)

Just BUY and your stress will be gone. Remember: The Fed has your back.

Yes. But what will its shares go for in November? $10.

NDX headed for its third gap-up in-a-row. If we do not mean-regress after the employment numbers, I suspect ES will be headed, in a more-or-less straight line, for 1370.

My one regret will be the amount of time I spent on E.T.

Ok. Apparently, Facebook employees are "freaking out" (in the words of an acquaintance, who is one such employee) over the upcoming IPO. "Freaking out" over the amount of money they (allegedly) stand to make. "Freaking out" over the six month lockup period that prevents them from unloading...

Well, there's a massive amount of "support" in the 1305 area. What would be the catalyst for punching through all that?

Fading the employment numbers? Perhaps. Certainly vertical right now in the overnight session...

i can't escape the feeling that an overshoot to 33 is in store, although I'm not sure why...

interesting ammo. why the focus on unp?

...or long

summer trading all year 'round welcome to the new normal

long 1305.50 stop 1304.50 target 1310.50 'night all...

i wonder if they're going to gap it up over 1310 for tomorrow's RTH open...

interesting to see friday's low turn into a ceiling. hmm...

OUTSTANDING! (just be sure to keep your finger on the exit button...)

anybody taking a short here?:)

In fairness to zdreg, his statement is reasonable conjecture. Having said that, Europe's being awfully myopic if it doesn't think Asia matters. So long as GOP controls at least one chamber of Congress, US will not make the same mistake.

Yes, it can run and stay afloat, but what will its growth-stock story be?