Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the disable-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/jwl23/public_html/rd.johnlander.me/wp-includes/functions.php on line 6131
Good morning! The broader market – If, Then… Market Timing

Good morning! The broader market

By Rod David | January 9, 2015 - 11:24 am

Good morning!

The broader market held up its chin yesterday ahead of the monthly jobs report. It put on a brave face for this morning”s favorable knee-jerk reaction that pierced yesterday”s highs. The rally attempt grimaced as it held up through the open. But then it was kicked in the teeth by post-open selling that has plunged back to yesterday”s lows.

Events unfolding in France can”t be considered overtly relevant to the market”s direction, for the single stark fact that they have nothing to do with earnings. Yet, siphoning attention from the market also means reducing participation. And that is rarely bullish.

Exposure to some shorts over the weekend is not inappropriate for traders who include that tactic in their plan. AAPL, TSLA, PCLN and AMZN are qualified candidates. The upside risk is largely the potential for a Eurozone QE program being announced before US trading resumes Monday.

I”ll update more as the day progresses…

Posted in Bigger Picture