This is one of those days I hate...

On days like today, I use my usual setups but will put on 1/4 of my usual position and extend my stop loss so I don't get whipped out. It seems to be working... but it still ain't easy. This kind of trading sucks, but it's what we've got, so play the hand thats dealt.
 
another big turn around today, dow opens down 180 then gaps up huge...


if googles earnings are great and job numbers are perfect expect 12850+ very soon....im still not anticipating any move to 14k anytime soon.
 
Quote from S2007S:

another big turn around today, dow opens down 180 then gaps up huge...
More...

Thanks for once again telling all of us what we already know . . .
Are you "practicing" for a reporting job on CNBC?
:D
 
Historically, a negative Fed day (whether cut, hike or hold) is followed by a positive one. And vice versa.

I wouldn't be surprised by a "good" NFP number. Good being anything above the pathetic expectation 65,000. Yeah, what a sound economy. Let's party like it's 1999.

And Google? Internet and ecommerce stocks seem to be among the best right now. So strong earnings wouldn't surprise me. Guidance will be a little more iffy.

But can this continue into next week? That's the real test. The econ data was so awful last month, that we'll probably see month-over-month improvements. But the trend is still down. Today's Chicago PMI is a good example.
 
Quote from MKTrader:

Historically, a negative Fed day (whether cut, hike or hold) is followed by a positive one. And vice versa.

I wouldn't be surprised by a "good" NFP number. Good being anything above the pathetic expectation 65,000. Yeah, what a sound economy. Let's party like it's 1999.

And Google? Internet and ecommerce stocks seem to be among the best right now. So strong earnings wouldn't surprise me. Guidance will be a little more iffy.

But can this continue into next week? That's the real test. The econ data was so awful last month, that we'll probably see month-over-month improvements. But the trend is still down. Today's Chicago PMI is a good example.
More...



Just for grins and giggles I bought 500 shares of Cisco today -- prior to the google earnings
Cisco very very frequently runs up in the 8 days before its own earnings report --- and if goog meets expectations that pattern may hold for cisco
 
Quote from armoured saint:

why is today so 'noisy'? i guess volume is too light?
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What the hell are you guys talking about? the market has gone up with a straight slope practically. You should be KILLING it, we don't get too many of these days. Scalps, intraday holds, whatever, money should be coming in.

This week Monday was a day that is more difficult to trade, with SP's contained in a tight range. Today was a gift.

RT
 
Quote from MKTrader:

Historically, a negative Fed day (whether cut, hike or hold) is followed by a positive one. And vice versa.

I wouldn't be surprised by a "good" NFP number. Good being anything above the pathetic expectation 65,000. Yeah, what a sound economy. Let's party like it's 1999.

And Google? Internet and ecommerce stocks seem to be among the best right now. So strong earnings wouldn't surprise me. Guidance will be a little more iffy.

But can this continue into next week? That's the real test. The econ data was so awful last month, that we'll probably see month-over-month improvements. But the trend is still down. Today's Chicago PMI is a good example.
More...

I thought GOOG does not give any guidance. I don't expect too much fluctuations for GOOG.
 
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