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Surging Jobs, Soaring Stocks

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

There were two jolts in the ES between sessions. The first, in yellow, was yet more Trade Talk Optimism. The second, far bigger, was a blowout jobs report this morning.

In a broader context, it’s almost a blip, although we are once again getting close to new record highs.

As for my own positioning………“Not Good”.…….although thankfully I decided to back off some before yesterday’s close. We’ll see how many of my little short champs can survive this deluge!

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