Underlying Weakness

I believe today's trading has bearish implications. We are seeing call buying that is about as heavy as could be. However, it is coming on a day where the S&P 500 is flat and the Nasdaq 100 is down. If the bulls can't manage a rally with all this call buying and positive sentiment, what will it take to get a rally?

4 comments:

Anonymous said...

A blowout jobs report.

Tsachy Mishal said...

Stifel, Niclaus makes the argument for blowout data tomorrow and Friday. According to them there is a large seasonal adjustment for seasonal workers and since less seasonal workers were hired this year less will be fired.

http://www.zerohedge.com/article/316000-nfp-print-friday-bls-seasonal-fudge-factors-make-it-very-likely

Anonymous said...

hey ol dawg

did u dump CT and prov yet?

Anonymous said...

Nope I always transmit all buys and sells right here OL DAWG