06 April 2007

Another AGI Trigger

Our AGI indicator triggered at the close Thursday making the YukTraderTeam short the SPY @ 144.24...the first two triggers of the AGI have been quite successful, netting $2.90 (2%) and $1.78 (1.2%)...
if you don't recall the AGI or are new to YukTrader, I've reposted the original idea below...
This mornings NFP jobs report for March printed +180,000...about 50 k higher than expected...with higher revisions for the prior two months...not sure what to read into the number other than it is probably a sell signal, considering all the major indices are severely overbought ...regardless the NQM7 spiked into the 1840 level on volume of 6,000 contracts...don't expect that number to print on the open Monday...jfg.

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