First I gotta do a Wham Bam Thank You Ma’am to Charles Evans for taking my 75. cent calls up 8.00 bucks.
Tomorrow: Employment Situation, Wholesale Trade, Richmond Federal Reserve Bank President Jeffrey Lacker speech on the economic outlook, in Richmond
The ESH traded down to 1984 on Tuesday and 2 days later its trading 2058.50 – up
74.50 handles… Is this normal? or is it the new normal?
I keep telling you how the game is played; Get everyone short into the decline, in comes the cash buyers that use the shorts to fuel the markets higher… One big massive Squeeze Job. Its the same show over and over just a different day. Short buy into the officer that make up the index arb buy programs
Where from here? I have to admit I am stunned and think the jobs number could be ok but its the stats for Friday and Monday that are bothering me;
Friday is up 14 / down 17 of the last 30
Monday is up 13 down 11 of the last 24 – rest of the week improves.
High 2058.30 midday
Low 2036.50 after the open
Last 2055.50 up 36 handles Wham Bam Thank you
Volume : 15K ESH and 8K SPH trade
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