Dodged the Bullet

Posted on Oct 2 2015 - 9:34am by Sharpe Trade

I was busy dodging bullets this morning.

Ask any client of ‘The Sharpe Report‘, I was actually thinking about buying some exposure to the stock indices this morning.  I figured if the jobs report took us above 1930, I was looking to be a buyer.

And then the jobs report was released …

December e-mini S&P 500 Index Futures – 10 Minute Chart

e-mini 10 minute chart 10_02_15

As I said … I was busy dodging bullets this morning.

This mornings job’s report underscores what we have been saying  all year at ‘Sharpe Trade‘.

The economy isn’t ‘crashing’.

The economy isn’t ‘plummeting’.

However, the market believes the forward momentum of the last seven years is being lost.

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