April 28 - May 2 : The Week of Great Volatility

C

cszulc

We'll see some great volatility throughout this coming week. Profits can be easily had, with 20-30 point ranges in the ES probable starting mid-week on Wednesday. Take a look at this:

Tuesday:
Consumer Confidence
(with UMich Consumer Sentiment on Friday this shouldn't be good)

Wednesday:
ADP Employment
Q1 GDP-Advance
Chicago PMI
Crude Inventories
FOMC Policy Statement (my projection is they hold rates at 2.25%)

Thursday:
Auto Sales
Initial Claims
Personal Income/Spending
PCE Core Inflation
Construction Spending
ISM Index

Friday:
The Employment Report

Be prepared for everything this week as we'll see a lot of news and great volatility.

Week-end SPX Target: 1350 (yes, I'm that bearish)
 
Haha, wouldn't doubt it. That is why I don't have anything positioned before the news, expect a small position in SPY puts (I think VIX is going back in the mid-20s).
 
You know what they say.. Sell in May and go away..

Let's pray to the almighty Mr. Market for a huge wave 5 downleg over the month of May - I have some long term money to put to work!

4 digit DOW and 3 digit S&P - Let's just go ahead and get this over with!
 
i say 1440 by end of week.

employment number will be good this time and market will rally. ADP is always good and fed will lower .25 to keep market up.

so that everything looks good and bamm
week of may 5th where u will see some selling and whole may will be bloody.

thats what i am reading on some of the blogs...

bull for a week..
 
Quote from Div_Arb:

You know what they say.. Sell in May and go away..

Let's pray to the almighty Mr. Market for a huge wave 5 downleg over the month of May - I have some long term money to put to work!

4 digit DOW and 3 digit S&P - Let's just go ahead and get this over with!
More...


Yeah sure. Take a look at the charts, they are telling me its going higher. SPX, NDX, DJIA all above resistances, which become support now.

Money market accounts paying 2-3% where do you think those funds will go?
 
Quote from cszulc:

Haha, wouldn't doubt it. That is why I don't have anything positioned before the news, expect a small position in SPY puts (I think VIX is going back in the mid-20s).
More...


Still buying SPY puts? How beautiful.
 
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