Jul 2 2010, 08:08 AM
QUOTE(danmooncake @ Jul 2 2010, 02:06 AM)
Nice, I've covered some shorts positions here.
Closing update:
Dow 9732.53 -41.49 -0.42%
Nasdaq 2101.36 -7.88 -0.37%
S&P500 1027.37 -3.34 -0.32%
We have a bit of a reversal here after SPX hit 1010 (that's the support line).
Not green but good enough until we get the job numbers on Friday.
This is the big one, let see how the market reacts. Remember, market expects 9.8% (which is already bad).
If it comes in worse than this, then it is KABOOM!!
Reporting in! Closing update:
Dow 9732.53 -41.49 -0.42%
Nasdaq 2101.36 -7.88 -0.37%
S&P500 1027.37 -3.34 -0.32%
We have a bit of a reversal here after SPX hit 1010 (that's the support line).
Not green but good enough until we get the job numbers on Friday.
This is the big one, let see how the market reacts. Remember, market expects 9.8% (which is already bad).
If it comes in worse than this, then it is KABOOM!!
Nice reversal! Jobs jobs jobs tonight... if it unexpectedly beats expectation for the better, I am gonna be expecting a lot of short squeezing! Be prepared to cover shorts in pre market if that happens (notes to self too!)
Goood luck to all !
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