Stock Market Videos: Big Rally May Give Way To Pull Back On Jobs

The markets look to continue their massive rally next week but there may be a problem. After the biggest one week rally since July 2009, the markets must get through the Unemployment Report and Non Farm Payrolls. Last weeks rally was about as obvious as a flashing neon rally sign. Members were alerted to this rally days before it happened. With the light volume holiday approaching and the daily chart sitting on the biggest level since 2009, it was a no brainer. While it was impressive, it is likely that it takes a break this week. While a large pull back is unlikely, a .382 Fibonacci retrace may be in order. Many stocks like Caterpillar Inc., Chevron Corporation and International Business Machines Corp. are at major resistance levels. Add the Jobs report into the mix, and a small pull back will have been seen by Friday. Take the seven day free trial to the Research Center and Intra Day Stock Chat to start trading with the pros. Be on the right side of the trade and profit with the pros.
Tickers: SPY, CAT, CVX, IBM

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[twistedbydsign99]

no way i would buy into next week so much downside is possible. I kept only one of my longs for tuesday/wednesday.

[ragedmaximus]

666 jpm favorite number

[CDPuffer]

@baronisio and ignored their stop

[baronisio]

1 person was short last week