Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Another Wild Friday
By Mike Paulenoff, MPTrader.com

It's been another wild Friday just like last Friday when you had the payroll data which popped the markets and then was followed by a significant intraday sell-off that started the move in the E-mini S&P down from 1064 , to Tuesday's low at 1041 ,.

Then today you had a whole slew of data come out, most of which wasn't all that fantastic. Nonetheless, the market held up very well through the data. Apparently, the psychology was if you're not going to sell them as a result of this type of data then you ought to buy them. Sure enough, the E-mini S&P took off from its range around 1057-59, and popped to 1064

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!