could be a fade day tomorrow--why ?

[NY_HOOD]

be alert tomorrow and remember that the big bad jobs report is tomorrow. usually,after a big rally,the market sells off the day before the jobs report comes out even though conventional wisdon says its priced in.

 

[NY_HOOD]

i mean the big bad jobs report is friday morning so be on alert for a fade tomorrow afternoon. all i am saying is keep that report on your radar.

 

[RiceRocket]

I do think this market is quite overbought if you look at the mclellan oscillators. But in the past, the true test of a recovery is when the market does not correct on an overbought reading.

 

[silenttrader]

Very good point! Also, as someone said, unexpected will happen time and again.

 

[kxvid]

Its always a fade day as far as Im concerned. Too much event risk going long.

 

[swtrader]

Quote from NY_HOOD:

be alert tomorrow and remember that the big bad jobs report is tomorrow. usually,after a big rally,the market sells off the day before the jobs report comes out even though conventional wisdon says its priced in.

i definately agree - it could be a fade day, unless it goes the other way