Market to get slammed by retail sales figures

M

MrDODGE

Watch your positions going into tomorrow. The euphoric ride today will be short lived. I fully expect horrid retail sales numbers tomorrow morning before open. If the market sees bad numbers expect to lose everything you gained today.

Be on the right side.... :D
 
lmao. Retail sales = zero impact. Nothing is more amusing then watching someone talk their book [short] after a 40-handle SPX rally.
 
Quote from atticus:

lmao. Retail sales = zero impact. Nothing is more amusing then watching someone talk their book [short] after a 40-handle SPX rally.
More...

Keep telling yourself that, this market is looking for any reason to sell.
 
Quote from MrDODGE:

Watch your positions going into tomorrow. The euphoric ride today will be short lived. I fully expect horrid retail sales numbers tomorrow morning before open. If the market sees bad numbers expect to lose everything you gained today.

Be on the right side.... :D
More...

Who cares about retail sales in October... October is a dea month in retail sales so unless it is truly horrible no one will care. DEC matters more, SEP for back to school, but OCT is a dea month.
 
PPI and CPI will be more important for the next 2 days IMO, as it will dictate the FEDs ability to cut further. How they are going to hide the $10 run in crude during Oct I am not sure but the expects are a little tame.

Higher prints will make it hard for Uncle Cracker to cut again soon, which may cause a little give back of todays gains.
 
wal-mart had some good news today, retail sales could be better than the consensus. 5:30 comes awfully early in California however, not likely I will be at the terminal when the news hits....
 
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