Our stock trading strategies are based on surprisingly simple yet effective no nonsense logic that is uncommon in the stock market. For our short term trading strategy we: Buy at support; we take small, quick profits; and we use the 10/2 rule so that we never slip backwards.
Friday, December 08, 2006
Employment Report Should be a Market Mover
We will withhold any predictions today as we await the market's reaction to the pre market release employment report. The numbers in the report have proven to be untrustworthy, but the market tends to take cues from this report nonetheless.
We wouldn't be surprised if bears are handed more pain today for once again jumping the gun and shorting too early.
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