PPI & CPI For May= Benign

Quote from EPrado:

What did you do...rewind the tape and hit play again today? I think I heard this song yesterday as the dow went down 85 by the end of the day. Got to admit you are entertaining......I have no interest in seeing you fail.....good luck with the bet....

the problem is EVERYONE is looking for this quick relief rally off the number today...
More...


Who is everyone? were did you read that, are hear that, did you take a poll? or is that just your belief? if it is why are you not participating?
 
Quote from myminitrading:

Are you a participant are a commentator? 90% of this forum sits back and comments, 10% actually participate, were do you stand right now?
More...


Now you are questioning me? Damn....been trading a lot longer than you my friend. I trade actively everyday(professionally) ...been doin it since 92...

As far as positioning before a huge number...thats gambling ...not trading....good luck with it.....

I'll wait for the smoke to clear and then go in......

But....seeing how this mkt has been destroyed recently, would look for a place to go long equity indexes....hopefully after some puking by the mkt...1214.50 on the cash would be a nice place to get long....

I trade actively everyday...but I dont blab about what Im doing like yourself and others....

good luck man.....
 
Quote from optioncoach:

In this market do not be surprised if bad news actually pushes us higher lol...
More...

y'a, we might already be prepared to discount bad news..late numbers were bad but not ugly...maybe mkt will keep in mind all the losses so far, innit.
 
Futures went from up 7 to pretty much flat on S&P so it seems for this minute right now, not a tanking, just not hte euphoria that existed overnight lol..
 
the only people who will buy today are the buy and hold crowd who buy lower thinking they are getting value. even these guys will probably want to sit on the sidelines and wait for the market to settle.

i don't think most traders held a short position going into the CPI release, so there probably won't be much short covering.

so what's your bias going to be today?
 
You must log in or register to reply here.
Back
Top