Wall Street Crack

For Those Addicted to the Wall Street Game

Well…What’s it gonna be?

Posted by Dino on April 1, 2011

NFP came out this morning and we’ve added jobs (+216k) so will we continue higher or will they sell into this strength?  The numbers came in slightly ahead of expectations but still inline.

So far this morning the S&P is up about 0.6 % and the Dow is up about 0.5%.  Seems like a bit of a weak open for an improving job situation.  I thinking we may have a gap and crap scenario here where we pop in the first 30 minutes and pull back a bit.  Failure to follow through this morning may lead to some profit taking over the next few days until buyers step in and we find support but ultimately I think we’ll run up to 135o on the S&P’s barring any other unforeseen circumstances.

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