market watch- the numbers were pretty good except for average hourly wage hike, overall, no reason for fed to raise rates, only have ppi/cpi numbers to get through now before fed meeting, start looking for the consensus to build that the fed is done for the year, which should support the market, looks like today will be a little choppy, with a head fake or two, but i think the bulls will win the fight today, trading long today with the idea that yesterdays low "may" be the bottom for this cycle, will reconsider position at 3900-4000 as opportunity for shorting still looks very tempting there, this market is going to remain volatile, need to stay on the right side of the swings, today should swing higher, monday- sentiment could totally reverse again, next big market moving news will come from cisco earnings on tuesday
anyone playing vntr here? |
