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

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