akoptiontrader

Well the jobs numbers caught me a little by surprise on Friday, but I should have been suspicious after GS came out the day before and revised their numbers positively. But it was not as bullish for the mkt. as I thought it would’ve been. In fact it was quite a sell off going into the end of the day. Further, I forgot that jobs numbers in the summer are generally higher. But I thought due to the lack of construction, that might not hold true this year. Then today, Monday, the mkt. went down big but rallied into the end of the day to end the day down a little. This would actually seem to be bullish action. Yet when I look at the charts, they still seem very top heavy and over bought to me. I still see the Nasdaq leading the way down, and it has been more bearish than the other indices of late. It also seems to me that, other than today, the big v days are bearish days. Traditionally, the big money likes to come into the mkt. after Labor day, so that could be a key time frame. Now onto the video and economic data:

thanks to briefing.com for the economic data.