01/09/14

Good Evening, The action today was very non committal as we anticipated that it would be ahead of tomorrows jobs report….

Investors twiddle their thumbs, wait for jobs

The day’s action left us with the following signals: C-Buy, S-Buy, I-Buy, F-Neutral. Our current allocation is 42/C, 58/S. It is -0.32% for 2014. I’ll sure be glad when it is positive again. I am just not accustomed to reporting a negative figure!

We’re gaining by inches! The bounce from Monday’s low seems to be running out of steam. Volume continued to expand, and the PMO is very close to a downside crossover. However, tomorrows jobs report will decide which direction we go.
Nothing new to say. We’ll just see how the market reacts to the jobs report tomorrow. It should be the most interesting thing that has happened this week. Have a nice evening and may God continue to bless your trades!
Scott


Written By

Scott Grimes

  • 03/23/26

    Good Morning, Is there anyone that thinks this market isn’t news driven right now? This is what things have clearly evolved to be in the 2000’s. Every one has a computer or phone and most have both giving them instant access to news and trading. In most cases there is not even the delay of…

  • 03/16/26

    Good Morning, Either I am more aware of things than I used to be or the markets these days are just more stressful. I honestly think its the latter. This market is an every other day affair right now. Eventually the current state of affairs will settle down, but for now this is it! So….I…

  • 03/09/26

    Good Day, The sky is falling!! The sky is falling!!! Oil is 100 dollars a barrel. Stagflation is on the way! Oh my, what will we do! Panic Panic Panic! Just listen to the news and you’ll make a bad decision for sure.  Here he goes again! Panic is not a strategy. Folks, we discussed…