Bulls, Bears & The Lion

[findvikas]

I see this potentially over here... for today... getting out of 4700PE with 12 points profit after brokerage.

 

[findvikas]

Good Bye guys... I am done for the day... no overnite positions... looks like we can bounce all the way to 4905 and close just below 4900 but I am out

 

[findvikas]

Looking at the USD Index and the wave it is forming I am expecting the Job Numbers to be bad or not at par with expectations.

 

[findvikas]

Just before the US Initial Jobless Claim coming out in another 20 mins... USD Index looking in bad shape and I predict the number to be very bad than expected

/DX should correct all the way to 76.23

 

[findvikas]

On SPOT..

Bad numbers...

Previous Numbers : 470.00K
Forecast : 455.00K
Actual : 480.00K

Nonfarm Productivity: 6.20% (slightly increased from forcast but bad than last 8%)


more details...

Initial Jobless Claim:

Previous: 472.00K , Forecast: 455.00K , Actual: 480.00K

Non Farm Productivity:

Previous: 8.10% , Forecast: 6.00% , Actual: 6.20%

Unit Labor Cost:

Previous: -5.20% , Forecast: -2.50% , Actual: -4.40%

 

[bloodmoney]

Good Bye guys... I am done for the day... no overnite positions... looks like we can bounce all the way to 4905 and close just below 4900 but I am out

Even i unloaded my 4700 Puts before the closing bell. No overnight positions, since these days our markets are changing its direction everyday.

Now, Its interesting to see our markets tomorrow. Not sure whether it will slide further by taking cues from US markets tonight or retraces back ( to your level 4905)

 

[findvikas]

It closed below 4870 which calls for a 100% retest of the overall run atleast. It should open gap down around 4814 which was the low where it actually started....

Now there is an interesting small.. very minor wave in 5 min chart which was shouting for 4905 target but looks like the another contra wave which is still due for 4640-4670 level is pushing it harder and can eat that minor wave without you knowing

 

[bloodmoney]

Looking at the Dow futures, Huge selloff is awaiting tonight.. Seems your Contra wave is surely gonna eat that minor wave.. :lol: :lol: Lets watch out...!

 

[findvikas]

1.5% down and I see the same kind of retracement in the SPX to touch down to 1071 may be today itself or by tomorrow.

 

[findvikas]

oh almost 100% retracement completed... just 1.5 points left.. so we might see some recovery in SPX.