11:36
Unknown
Job report frenzy is over & just about everybody had it wrong.......
The problem with jobs report, that it is not a reliable statistics, a guesswork @ first print & then for next sixty days they are trying to make it accurate.......on Friday we learned that previous two reports were off by a huge number.....it gets an F on reporting standard......
SO..after all that said.....where are the pundits on this market ?
-One technician is saying we go down to 1627 area again....
-Other is saying "just daytrade this market...as we are going nowhere fast....stuck in the mud theory.
- Other are saying do not leave your buy & hold strategy.......
CONFUSED.......?
Welcome to Wall & Broad......
Nothing is simple EVER......
What you do is based on your OWN interpretation of TAPE......
Do not worry IF you are wrong....as time has proven that everybody gets it wrong on a daily basis.......
What do i think ?
TAPE has gone UP 2.30% in last six trading days......
TAPE is facing "Obama newly created war focus in Syria".....he has few backers on this...but Washington will make it end all & be all focus until its defeated in House & Senate......
Bulls are 37.1% vs Bears @ 23.7%......a neutral slant in latest read...
Taper .....is it on or delayed ?
All of the above does not create a "bullish" trading environment......
SO we will meander until some of the above is either clarified or we have an endless wait.......
In the meantime buy on any pullback or position in your preferred stocks.....there is no science to buying in a dull market.
I remain positive on my selected stocks as they are long term prospects.....
So daytrade if you want or sit back & watch events to unfold...both are good strategy.....I am in sit back & watch mode.
BLOG does NOT give buy or sell.
Saleem
The problem with jobs report, that it is not a reliable statistics, a guesswork @ first print & then for next sixty days they are trying to make it accurate.......on Friday we learned that previous two reports were off by a huge number.....it gets an F on reporting standard......
SO..after all that said.....where are the pundits on this market ?
-One technician is saying we go down to 1627 area again....
-Other is saying "just daytrade this market...as we are going nowhere fast....stuck in the mud theory.
- Other are saying do not leave your buy & hold strategy.......
CONFUSED.......?
Welcome to Wall & Broad......
Nothing is simple EVER......
What you do is based on your OWN interpretation of TAPE......
Do not worry IF you are wrong....as time has proven that everybody gets it wrong on a daily basis.......
What do i think ?
TAPE has gone UP 2.30% in last six trading days......
TAPE is facing "Obama newly created war focus in Syria".....he has few backers on this...but Washington will make it end all & be all focus until its defeated in House & Senate......
Bulls are 37.1% vs Bears @ 23.7%......a neutral slant in latest read...
Taper .....is it on or delayed ?
All of the above does not create a "bullish" trading environment......
SO we will meander until some of the above is either clarified or we have an endless wait.......
In the meantime buy on any pullback or position in your preferred stocks.....there is no science to buying in a dull market.
I remain positive on my selected stocks as they are long term prospects.....
So daytrade if you want or sit back & watch events to unfold...both are good strategy.....I am in sit back & watch mode.
BLOG does NOT give buy or sell.
Saleem
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