Market Strong Despite Bad Macro News

Jeff Macke  Nov 06, 2009 4:50 pm

Market Strong Despite Bad Macro News
 
How to trade a tape that doesn't want to go down.
 

 
As the week comes to a close, bad macro news is seemingly everywhere, with the unemployment numbers particularly troubling.  But the market is still performing well.

Join Jeff as he takes a look at how big retailers like Gap (GPS) and Aeropostale (ARO) are performing, what's going on with Ford (F), and what's in store for the week ahead.



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Comments (7) See All Comments »
11-08-2009, 8:49 am
I looked up the Penguins thing and, you're right, the NHL didn't disband as I had thought. I went to a regular season Rangers game last year. The question really isn't who rules. The question is which team is able to break-out of
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11-08-2009, 10:20 pm
Those of the manipulation bent would say that Joe and Jane Public listen to the Dow/Spx close every night, thus the price managers focus on producing a pleasing number there.
Also,RUT is harder to manage.

It's not really l
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11-09-2009, 8:41 am
Re: Manipulation

I don't believe there are groups or bodies manipulating the close on a daily basis. There doesn't really have to be as traders simply fearing such a body will act to get ahead of it.

It's
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11-11-2009, 3:42 pm
I tend to agree with you, and if one really believes markets are manipulated, then why trade them without inside info.
But still....... I am coming around to the belief that for what they consider "National Security" considerations,
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11-12-2009, 12:23 pm
I am expecting a USD rally.

I use technical analysis to identify trends which also indicates where the economy is headed.

My long term USD indicator has been giving BULLISH warnings for some time.

My indicators
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