The Ultimate Technical Analysis Handbook
BMO Commentary
Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.
0730.ET
World Markets are Down Big and US Markets/Futures are near Flat . . . Nasdaq slightly Up while the other big indices are slightly Down.
QQQQ/SPY are currently Trading at 42.74 / 106.22
The US-Dollar is Up over 80 now
I’m looking for a small Drop and then a Bounce Up today . . . totally dependent on the Employment Report BMO this morning.
There are several Economic Events out all day.. with THE Big one at 0830.ET
0845.ET
The Employment Report came out within the expected wide range . . but the Unemployment Rate came out below expectations (manipulated of course) . . .
SO … I think we will get our Bounce today that I’ve been predicting .. but I will probably let it run Up and then start Opening Down positions … the jobs created was negative and the overall economy is still not looking too good.
QQQQ will probably go Down to the level I posted for subscribers last night at some point . . either before the Bounce, or after a run higher Open . . . either way, I will be Shorting rallies.
AMC Commentary
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