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Tuesday, January 10, 2012

Cara Community

Cara Community


Tables & Charts for Monday, Jan 9th, 2012

Posted: 09 Jan 2012 09:02 PM PST

Bill Cara's Blog for Jan 9, 2012

Posted: 09 Jan 2012 04:00 AM PST

CTA Trading Desk Morning Report

[9:15am ET] Good morning, Geoff here.

Friday's much anticipated employment data did little to move the stock market. The market is overbought and had a chance to use the number as a catalyst to fall, but it did not.

There are two ways that a market can work off a former move; through price or time. In other words, the market can work off a recent run via a price reversal or through a sideways chop. The former is, of course, a reversal. The latter is a continuation pattern. We are waiting to see which one of the two will come to fruition.

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