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.
Steve
ReplyDeleteWent to cash for the weekend near the lows of the day. Looking for some insight from you this weekend.
Jack C