Friday, March 7th is the 4th day of the TradeMaven Inside Edge OPEN HOUSE.
AND ALSO UNEMPLOYMENT SITUATION announced at 7:30 am CT
Join us in the Chatroom Tomorrow (Thursday) morning at http://www.trademaven.omnovia.com/tmaven .
No password is needed -
Sample Research by Charles Cochran:
Join us in the Chatroom Tomorrow (Thursday) morning at http://www.trademaven.omnovia.com/tmaven .
No password is needed -
Sample Research by Charles Cochran:
Well the market met our expectations for a sideways day as it set up for tomorrow’s Unemployment news. The high/low for the month almost always comes off the release of these numbers as they impact every money manager’s portfolio both domestically and abroad. Not much one can do but await the news and plan on an entry w/the news on the first reaction after the news. If the high/low holds on the retest after the setback, exit this trade. The inflation argument will be reinforced, if NFP come in above 65K and the slowing economy, if the number comes in below zero. The swing from one side of the securities boat to the other at a $1000 a pop in the Bond has become a regular occurrence as the news changes every 2-3 days. Down to tomorrow’s news.
F1 Comments: Market remains in a bracket. IF 115-00 basis June is taken out, the bias will change to a downtrend.
F1 Comments: Market remains in a bracket. IF 115-00 basis June is taken out, the bias will change to a downtrend.
F2 Comments: The ES closed on new intraday lows which should encourage buying in the OVN Bond session. The Bond has been run down into tomorrow’s Unemployment news. The news focus has been switching from recession to inflation. Tomorrow’s news will probably not change these flip flops. The market has taken on a paranoid posture to the news. Every headline is out to break a money manager’s performance and the name of the game has become exit as fast as you can leading to full point reactions to headlines/news. The Unemployment news can cause 3 point days. The market has been run down in expectation of a higher than forecast NFP number. If the market catches negative news doesn’t break, a short covering rally should be expected. Down to the news. NFP is expected at 25-40K. Want to trade the first correction after the news with an exit, if the high/low off the news isn’t taken out.
F4 Comments: Analysis was to be a seller. Multiple sell opportunities all session.From the TradeMaven Software, Volume Weighted Pivot/Support and Resistance for Fri, 7 Mar:
