ES Journal - 2012

[Hooti]

thanks LF

 

[Laissez Faire]

Seems like the report fell below expectations, but does it really matter these days?

Next one in 24. Maybe not a gap up after all then.

 

[JoshDance]

Quote from Laissez Faire:



Next one in 24.

The market doesn't usually care about that report (maybe unless it's waaaay off expectations). Consumer confidence at 10am is all for the rest of the day. Market has digested news it cares about until the open.

 

[Builder17]

could that be it?! (for upside)
that was a goodsize move for premarket

 

[JoshDance]

Quote from Hooti:

RCG's girl pictorium.....?

Quote from Laissez Faire:

This one gets my vote.

+1

 

[JoshDance]

SIM long 1 @ 67.25

 

[Laissez Faire]

66-67 should be support, if higher from here, yes?

Below, I see: 63-64, 60, 55-56 and then 50.

For starters.

 

[bigsnack]

Quote from Laissez Faire:

66-67 should be support, if higher from here, yes?

Below, I see: 63-64, 60, 55-56 and then 50.

For starters.

Could be, but we are currently back inside of yesterday's range, and with a potential H&S pattern forming with 1370's (ish) as resistance. I'm personally wary of a long at the open.

 

[JoshDance]

Quote from JoshDance:

SIM long 1 @ 67.25

out BE just before the open here, want to look at this from a fresh (flat) perspective

 

[JoshDance]

Market opens at yesterday's close, at yesterday's VPOC, within yesterday's major balance area -- sentiment was long overnight, but news at 8:30 conflicted. So, given the balanced opening, the market may bounce around 65 to 69 until CC at 10am. It may need to wait for more information.