Bob Byrne is a full-time private daytrader with 10 years' experience. His trading relies on technical analysis and focuses primarily on the energy sector. Bob is also a writer for and the host of a daily trading chat room on Finance Banter. His contributions to this or any other site are not to be construed as recommendations to buy or sell stock.
Bob holds a business degree from St. Edward's University in Austin, Texas. He lives in Park City, Utah, with his wife and daughter.
Observe the trade flow for the first 10-15 minutes after the announcement.
It's likely equity markets will churn in a relatively narrow band.
I do not believe it's the appropriate time to abandon the bulls.
Keep a close eye on is this morning's release of consumer sentiment.
Pay closest attention to today's retail sales data.
Keep an eye out for tomorrow's auction results.
All trading above 1642.25 will continue to tighten the clamp around the necks of trapped short sellers.
Suffice it to say that Friday's payroll data could have a huge effect on the early-morning Es trading.