Another jobs leading indicator turns sour
-
I have argued repeatedly that the official Australian Bureau of Statistics
(ABS) unemployment rate of 3.8% flies in the face of broader labour market
dat...
2022-10-24
Updated: Auto Parts
The sector is popping on positive analyst comments and higher price targets. They haven't ever avoided the fallout of recession.Update: GPC went all the way to the top of the wedge. I bought puts near the close. the resistance line is my mental stop. I will allow an overthrow if I think the market will reverse, otherwise it'll get pitched out of the portfolio quickly if it goes through beacuse there is a secondary resistance line around $185. If it somehow got there, I'm probably very wrong about where the market is going near term, but I'd also plow into puts.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment