sp'daily5
Summary
*awaiting jobs, GDP Q4 data, with homes data at 10am
--
Again, bears have to endure a sig' QE today, of $3-4bn, that will be a problem, but once we're past today, its a clear run into next Tuesday at least.
-
I see many touting a bounce, yet we're only 31pts from the high. The declines in the Trans/R2K were very significant yesterday, and it'd surprising if we don't see some follow through - at least during part of today.
-
I remain short, but will look to drop a secondary short block, if sp'1845/35 today/tomorrow.
8.32am.. GDP Q4 final reading. ..2.6%... make of that..what you will.
Market remains flat...very vulnerable to falling to the low 1840s by 11am.
8.59am.. indexes slipping, sp -3pts.. we're set to open at 1849...
The low 1840s look pretty easy target by 11am.
9.35am.. minor weak opening chop.. awaiting a down wave to the low 1840s.
9.37am.. EXITED secondary short block.
Holding core SDS block....
*will seek to re-short a secondary short block on any 'stupid bounce' today.