Thursday, November 5, 2009

This market won't quit

I have to hand it to the bulls, they really took the bears to the cleaners today, which I didn't expect ahead of the employment report.  On top of that, sentiment is still bearish, as the equity put call ratios were rising for most of the day as the market was rising.  Tomorrow, after this action, I have no idea what will happen.  But there is usually a positive bias for overnight trade in the futures ahead of the nonfarm payrolls report.

1 comment:

Anonymous said...

It's almost time to get short dawg.

I sold IPII @ .85.

I sold 2/3 of my bp. I want to be completely out by tomorrow.

Then it's time for FAZ or something.