ES Journal Archive (2006 - 2008)

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for anyone who cares,
last week I posted an observation made by apex.

it was to the effect:
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market has a high probability of rallying into the job report and then falling the week after.. do the stats. Its pretty amazing how accurate this is.
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Last week was up.

The last time this happened was in front of the Jan employment report which was delivered to the public on Friday, Feb 1, 2008. Markets sold-off for 3 days after that report.

Just curious and watching
 
the fighting ground has been since the HIGH OF 1380.00, the low of 1360.25, the high of 1377.75, the low of 1364.25, the high of 1383.00, the low of 1368.75, and the high of 1383.50, and now the bears are taking over again, and might start ROARING now!
 
By setting the stage to open above 80-79 area, RTH traders see buy signal across 1-hour, 30-min, 15-min etc. after open.

Forcing price down well below 79 is needed to force those signals back to pointing downward.
 
Quote from ammo:

bonds falling fast
More...

Yes, right along with the VIX. Which could mean that bond investors are seeing that the worse is almost over and the chances for better appreciation in bond prices are slim to none. Thus, they're not happy with these low yields since that market has already priced in the recession everyone is expecting, and are bailing out for better returning assets like stocks since there are many bargains to be found.
 
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