Friday, June 3, 2011

6/3 pre-open

Jobs report day.  Futures traded down to yesterday's lows and rallied a bit.  I normally clear positions ahead of this report, but kept the 3% SDS and short mutual funds.  Would not be surprised to see a rally.
Impossible to provide analysis other than it appears that a 5 down is complete at yesterday's lows.
SP futures have not yet come back to the 30-minute M/A.  This allowed the M/A to track down on prices.  A good report will take prices to the 30-minute M/A envelope of .5%.  This would allow me to short and wait for a 30-minute close beyond the envelope (hopefully at a very small loss).

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