The S&P has topped at 1150

Has the S&P topped at 1150?

  • Yes

    Votes: 24 29.6%

  • No

    Votes: 35 43.2%

  • I don't know, I cannot answer

    Votes: 22 27.2%
  • Total voters
    81
Quote from James Stock:

Maybe its time to call this thread the Nolan-Vinny-Sam thread!
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By popular demand, i'm back!

Moderators: please delete all of the garbage and attacks on this thread. Don't penalize ME for the same idiots who contiuously try to wreck threads.
 
FYI:

I am still short the Feb 1175 and Feb 1200 calls. I am not worried about friday's report. I hold these positions with strong hands.

Latest quote: Feb 1175 @ 1.20 and Feb 1200 @ .35
 
Quote from James Stock:

FYI:

I am still short the Feb 1175 and Feb 1200 calls. I am not worried about friday's report. I hold these positions with strong hands.

Latest quote: Feb 1175 @ 1.20 and Feb 1200 @ .35
More...

...I would too.... I expect the employment numbers tomorrow to not meet estimates.
 
Quote from CalTrader:

...I would too.... I expect the employment numbers tomorrow to not meet estimates.
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I think they will meet estimates. But by the end of the day the market will be lower.
 
Quote from James Stock:

I think they will meet estimates. But by the end of the day the market will be lower.
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I think the jobs data will blow away estimates. However, this will be very bad for the market. The market would rather see a tame jobs number now to keep rates down. Any strong economic numbers, especially in the jobs report, might indicate that the economy is heating up and inflation and higher rates are soon to follow.
 
Quote from CalTrader:

....... I expect the employment numbers tomorrow to not meet estimates.
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Quote from Maverick74:

I think the jobs data will blow away estimates. However, this will be very bad for the market.
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James, this has win-win written all over it :)
 
I'm seeing where tommorow is an extremely pivotal day for the next 2 weeks or so on the nasdaq from a technical standpoint. If the QQQ's break below 36.30 I think we see the start of a downtrend in the nasdaq 100 on a daily chart basis. I imagine it will be the key to whether the s&p gets dragged down/ranged or pops up in the near future.

Assuming that does not happen, it looks like a great long play with this strong (albeit aged) trend. The jobs numbers might just be the catalyst to tip the markets hand. My read is it will blow away expectations.

Goodluck,
 
Quote from Maverick74:

I think the jobs data will blow away estimates. However, this will be very bad for the market. The market would rather see a tame jobs number now to keep rates down. Any strong economic numbers, especially in the jobs report, might indicate that the economy is heating up and inflation and higher rates are soon to follow.
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Thanks to Mav, Mr. S. and TD80 for the interesting replies. I tend to agree that the employment will be better then expected, why else would GWB already be slated for sunday morning talk TV? He knows whats coming, and he's ready to take credit.

Even if the market opens higher, my guess is that it will finish lower. It very well may be a win-win!
 
Quote from James Stock:

I tend to agree that the employment rate will be better then expected, why else would GWB already be slated for sunday morning talk TV? He knows whats coming, and he's ready to take credit.

Even if the market opens higher, my guess is that it will finish lower.
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James predictions strike again!
 
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