Still more than 5 hours in US cash equity trading, and a lot may happen. Is the low of Monday' s high day in the bull run (below 937?) the key level to watch for the downside probability? It is still a strong bull run ...
Friday, June 05, 2009
Better Than Expected US NFP Headline Fails To Bring More Bulls?
Well, it is only 1 hour in US equity cash trading, but the initial hope on better than expected US non-farm payrolls number sells off so far. Probably the green shoots headline hides something bad? Or the long term bond behaves too strongly? Major US equity indexes are in red, and here is good illustration of market reaction by German Xetra DAX30 index ... click to enlarge, courtesy of Reuters.
Still more than 5 hours in US cash equity trading, and a lot may happen. Is the low of Monday' s high day in the bull run (below 937?) the key level to watch for the downside probability? It is still a strong bull run ...
Still more than 5 hours in US cash equity trading, and a lot may happen. Is the low of Monday' s high day in the bull run (below 937?) the key level to watch for the downside probability? It is still a strong bull run ...
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