So the data is Out

As soon as Key economic data was out, the market mood reversed for higher opening. The futures all the while were pointing for lower opening as investors were anxiously waiting for the key economic figures.

Profitable trading, OptionPundit


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One response to “So the data is Out”

  1. Robert L. Avatar
    Robert L.

    It really is unbelievable. Starts and permits are barely up (more or less they did not drop as expected) and the markets are ready to eat it up.

    I deal with the industry first hand and I can tell you that the those permits and starts are representative of the final gasp of projects that were planned in ’06. Once the numbers for May come out, it will be a whole different story.

    This is simply more evidence that in the long run, income trades are the way to go. Even if the data agrees with a direction, I would rather be making my money letting theta put profits into my account.

    On a side not, today could still be rocky (or at least it is not guaranteed to end in the green) since the yen has strengthened a bit since the last trading session. Who knows. We’ll see.

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