Trading Edges That Last
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As Featured In
Dow 30 Mar 11 to Mar 15 Outlook
Lawrence’s Comment
As mentioned last week, following the Non-Farm Payroll week bias worked out great. Dow bottomed out on Monday and not even pullback to Y-0. Then exploded to the upside and we got Y+2 before NFP Friday. Friday sold off in the morning but the drop was short lived. Closed the week near week high and Y+2.
Outlook
The 2 trading days following NFP are usually weak, especially after such strong weekly close. It is reasonable to expect consolidation below B+1 and even a pullback to Y-0 is possible this week.
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