Hello traders everywhere! Jeremy Lutz here, with your mid-day market update for Friday, the 3rd of May.
U.S. Employers Add 165K Jobs
U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.
The Labor Department report is seen as a reassuring sign that the U.S. job market is improving despite higher taxes and government spending cuts that took effect this year.
Watch Today's Video Update Here
The government revised up its estimate of job gains in February and March by a combined 114,000. It now says employers added 332,000 jobs in February and 138,000 in March. The economy has created an average of 208,000 jobs a month from November through April above the 138,000 added in the previous six months. Continue reading "Today's Video Update: Jobs Report Sends Market To All-Time Highs"
Did you ever have your mom or grandmother tell you not to put all of your eggs in one basket?
Well it turns out they were right. Grandma, knew a great deal about the power of diversification and how it reduces risk both in business and in trading.
Continue reading "Grandma and McDonald's were right and grandma was one heck of a trader!"
A few weeks ago we introduced you to a friend of INO's, Aamar Shehzad. Today he's going to give our readers a tool that everyone can use daily to improve their trading.
The INO Pivotfarm Data Sheets combine useful market metrics with a very flexible trade journal all on one page. On the market metrics side of things the data sheets include, Market Profile, Fibonacci, Pivot Points, COT Reports, Retail Trader positioning, trend analysis and an Economic calendar. In the center of the data sheet is a fully functional trade journal area that you can use to type in your trades and save to review later. The sheets also contain video news updates inside the PDF! All in all a very valuable tool for 8 markets including Gold, Oil, S&P 500, Nasdaq, Dow Jones. Continue reading "A Companion For Your Trading Day"
Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 10/14/11.
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The occupation of Wall Street continues, this rag tag movement has grown to include other cities and has now spread itself around the world. However, this unforeseen danger was not enough to dampen the spirits of Wall Street, as the equity markets put in one of their best weekly performances for the year.
So how can we best characterized last week's trading. What stands out in my mind, it was one of the lowest volume weeks in the equity markets for the year. Having said that we saw the DOW move up 4.87%, the NASDAQ jump 7.58% and finally the S&P 500 gained 5.98%.
The clear leader was the NASDAQ which was led by big gains in the stock of Apple (AAPL) and Google (GOOG).
The metal markets also moved higher with gold up a positive 2.61%, and silver scratching out a modest gain of 1.03% for the week.
Last week the dollar took it on the chin, dropping 2.72%. The move reflected thoughts that Europe was finally getting its act together. Europe continues to be a big question mark in my mind. It remains to be seen, if this is just the opening act, or the final act.
Crude oil prices jumped 4.85%, which in turn pulled the Reuters/Jefferies CRB Commodity Index into positive territory with an impressive gain of 4.41% for the week.
The big news for this week at least on Monday, will be the earnings announcement from Citi (C)and Wells Fargo & Co (WFC). This could really set the trend for the financial markets for the rest of the week. Bank of America (BAC) and Goldman Sachs (GS) report on Tuesday and Morgan Stanley (MS) is expected to give its quarterly report on Wednesday.
It's going to be an interesting week. Oh, and let's not forget that Apple (AAPL) reports quarterly earnings after the close on Tuesday.
So stay tuned.
Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011.
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S&P500 INDEX
Change for the week: + 5.98%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 70
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Suggested Trading Instruments for this INDEX
Non Leveraged ETF's: (Long SPY) (Short SH)
2 x Leveraged ETF's: (Long SSO)(Short SDS)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
Change for the week: + 1.03%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trend = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = - 100
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Suggested Trading Instruments for SILVER
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AQG) (Short ZSL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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GOLD (SPOT)
Change for the week: + 2.61%
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 65
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Suggested Trading Instruments for GOLD
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (December)
Change for the week: + 5.06%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 55
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Suggested Trading Instruments for CRUDE OIL
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures: Call your broker
Options: Call your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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US DOLLAR INDEX (SPOT)
Change for the week: - 2.72%
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 100
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Suggested Trading Instruments for the US DOLLAR INDEX
Non Leveraged ETF's: (Long UUP) (Short UDN)
Non Available Leveraged ETF's: (Long -) (Short -)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFRIES CRB COMMODITY INDEX (SPOT)
Change for the week: + 4.41%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 55
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Suggested Trading Instruments for the REUTER/JEFFRIES CRB COMMODITY INDEX
Non Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF's: (Long UCO) (Short CMD)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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MARKETCLUB ONE-ON-ONE PERSONAL COACHING
This weekend, I would like you to ask yourself this question, IS PERSONAL COACHING RIGHT FOR ME?
Give us a call at 877–219–1482 for a free consultation and find out if personal coaching is right for you.
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This is Adam Hewison for MarketClub.
See you Monday, have a great weekend.
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