Friday, September 5, 2008
Non farm payroll and the economy
Big news 8:30 AM EST lets see if the
Nonfarm payroll (NFP) employment continued its downtrend in July with U.S. employers shaving 51,000 jobs, marking the first time since May 2002 that the economy lost jobs for seven consecutive months. The Labor Department also reported last month that the U.S. unemployment rate rose to 5.7 percent—its highest level in more than four years—erasing all job gains made over the last year. Revisions to May and June's payrolls showed a total of 26,000 fewer jobs were lost than previously expected, bringing the number of jobs lost so far in 2008 to 463,000.
On the inflation front, the Commerce Department reported last week that the GDP price index was revised to an annualized 1.2 percent—up from the initial estimate of 1.1 percent—virtually eliminating any claims of recession for spring. The sharp easing in overall price index was technical in nature, caused by a spike in nominal imports cutting into nominal GDP growth. In contrast, the inflation for final sales of domestic purchases was revised up to a strong 4.3 percent, compared to the initial estimate of 4.2 percent.
Nonfarm payroll (NFP) employment continued its downtrend in July with U.S. employers shaving 51,000 jobs, marking the first time since May 2002 that the economy lost jobs for seven consecutive months. The Labor Department also reported last month that the U.S. unemployment rate rose to 5.7 percent—its highest level in more than four years—erasing all job gains made over the last year. Revisions to May and June's payrolls showed a total of 26,000 fewer jobs were lost than previously expected, bringing the number of jobs lost so far in 2008 to 463,000.
On the inflation front, the Commerce Department reported last week that the GDP price index was revised to an annualized 1.2 percent—up from the initial estimate of 1.1 percent—virtually eliminating any claims of recession for spring. The sharp easing in overall price index was technical in nature, caused by a spike in nominal imports cutting into nominal GDP growth. In contrast, the inflation for final sales of domestic purchases was revised up to a strong 4.3 percent, compared to the initial estimate of 4.2 percent.
Wednesday, September 3, 2008
Russell 2000 emini trade live room
Being able to see the trade, the direction and controlling losses.
Trade management, making you the best trader you can be.
Remember professionals don't care about the tops and bottoms just everything in between.
Join our Emini live trading room.
or take one of our live Emini futures training seminars.
S&P 500 emini futures trade
Trading the Money Maker Methodology for the S&P 500 Emini's.
Market gave a few really easy trades.
Took the last one Break even.
Can you see the trades?
Sept. 3 S&P 500 emini futures daily chart after hours
We are very propped up the Fed gave us a very light reading on the market. There is so much going on from Credit, inability of lenders to lend because of underwriting and we are going into the worst part of the Real Estate Market sales season.
Oil is loosing its catalyst of market movement, we shall see some large energy funds close out and give their investors a little money bank.
We are in a very tight trade channel, and when it successfully breaks out it we could see some very violent moves.
Oil looks like it is at a low so we shall see.
Dollar is also holding its strength.
Tuesday, September 2, 2008
Visa support and resistance with entry and targets
This was a three day hold using the Support as a basis for moving the stops.
Target was taken.
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