Friday, June 3, 2011

6/3 2:10

I sold the DXD yesterday at 17.85 to clear the decks for the jobs report.  This is a monthly bow to the markets.  I can't forecast the number better than economists so I reduce exposure.  After the number came in far below estimate I bought DXD back at 18.10.  This is all I intend to do today because I had to chase the market. 
SP futures never came up to their 30-minute M/A.  Instead the market has remained within the steeper DJ futures 10-minute, 76-unit M/A.

The SP futures 30-minute M/A lies a bit beyond the above.

1 comment:

  1. Steve

    Went to cash for the weekend near the lows of the day. Looking for some insight from you this weekend.

    Jack C