And Then There Were Two
- Posted by DynamicHedge
- on November 3rd, 2011
Of the seven patterns I highlighted on Monday morning as possible analogs for fourth quarter Nonfarm payroll weeks, two have emerged. We’re tracking pretty closely if you use your imagination to visualize the current week with a more normal or “non-Papandreo’d” gap on Tuesday. On a more benign tape we would most likely be trading higher than the Monday open on today’s close. But because of the Greek situation things continue to be volatile. You just can’t predict what types of variables will come along and mess with your plans.
If we gap up on Friday on an amazing jobs report — the potential is there for that to mark the high print of the week. Of course, anything can happen. Stay tuned.
October 7, 2011:
December 7, 2007:
Read: Historical Precendent: Fourth Quarter Nonfarm Payrolls ES_F, SPY, SPX (Dynamic Hedge)
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DynamicHedge is an equities, futures and derivatives trader based on the West Coast. He runs a long/short opportunistic relative-value strategy within a proprietary trading group. More
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