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!
Scott8-)


Written By

Scott Grimes

  • 10/06/25

    Good Afternoon, I am certainly praying for all of you effected by the ongoing government shutdown. I have been there done that and it was no fun. So far the market has shook the shutdown off as it obviously thinks that it won’t last long. My thought is that the market won’t give the shutdown…

  • 09/29/25

    Good Morning, Well this months almost over and so far the major indices are still holding modest gains in the +1.5% range. If we can manage to hold onto or add to those gains we will have achieved what a lot of folks said we could not do. We will have made a profit when…

  • 09/22/25

    Good Morning, Well we got the Fed meeting that we wanted with a quarter point interest rate decrease with the indication that the Fed is planning on two more rate cuts in 2025. As a result, we find ourselves in the odd position of holding a profit in late September. I said in last weeks…