OK…
I’m new so bear with me here but I really don’t know what info to take seriously. the APEX news calendar or say…Market watch? Several times I see the market ( I’ve been studying the S&P 500 indice) go the opposite of the news in the APEX calendar. Today, the APEX calendar showed bearish unemployment info yet once the news hits, the S&P goes UP! So I go over to “market watch” and they are preaching great news! They said the unemployment situation was all rosy. The APEX calendar is pretty immediate and market watch is a bit lagging so I prefer to go with the APEX calendar if I could trust it.
Not to make this political or anything. I believe “real world” what the calendar says. I do this because when it comes to the real world, I live in it. I know the unemployment situation is worse than we get from the media because it’s all around me. I see it every day. Yet as they say, the market believes what it wants and it’s pretty easy to tell which way marketwatch leans.
A good friend who trades frequently, and quite successfully told me recently when I asked him this and he said… right now “trade with the white house”.
Thoughts on this?