Good morning all,
The early response to the jobs report in the Stock index futures, the Dollar, the Precious metals and the Interest rate futures is hardly unexpected. The report was a bit stronger than I expected but hardly at levels that insures that the markets are out of the woods. I'm going to sell 14,150 in the DOW and, if the market closes above 14,165 I'll exit my trade, take my medicine, and reevaluate the market. This is a calculated risk trade that I can't turn my back on. There's a fairly high level of risk in the trade but the reward could be spectacular. Let's watch the market action and I'll update this blog after lunch.
Dale F. Doelling
President and Chief Market Technician
Trends In Commodities
No comments:
Post a Comment