Futures mixed for stocks and metals. Yesterday it was Stocks Rally As Tech Sector Gains More Momentum and today it's
One would ask why traders won't make up their minds, but we have. We're just waiting for America to decide first.
Posted on 09/03/2013 3:12:31 AM PDT by expat_panama
I can’t even venture a guess on what will take place. It appears our leader is in his leading from behind mode again. He’s searching for someone to put out front so no blame can fall on him. I must say John Kerry, who I don’t much care for has shown a lot more leadership than his boss. We don’t have a clue what Obama’s going to do and the strange thing is Obama doesn’t have any better idea than we do as to what he will do.
Futures mixed for stocks and metals. Yesterday it was Stocks Rally As Tech Sector Gains More Momentum and today it's
One would ask why traders won't make up their minds, but we have. We're just waiting for America to decide first.
The teams here are Saudi & Qatar vs Russia, Syria and Iran (if indirectly -- remember Iran's huge available supply of NG, which they would be more than happy to route northward). This, among other things, accounts for why Saudi & Qatar are putatively willing to foot the bill for US airstrikes (and, one assumes, at least for a part of the ensuing war).
Islamic factionalism plays into things, too. Saudi & Qatar are Sunni, as is the Muslim "Brotherhood". Iran, increasingly Iraq, and Syria (indifferently, but Assad knows who butters his bread) are Shia.
The correct policy analysis for the US here is, interestingly, Kissinger's, dating from the Iraq-Iran war: "It's too bad that both sides can't lose." Or, as Palin put it the other day, "Let Allah sort it out." The US does not have a horse in this race, and no reason whatever other than Zerobama's and John Frenchin' Kerry's galactic-sized egos to intervene.
That take is absurd, ridiculous, convoluted, and the kind cockamamie story that could never seriously ever happen in science fiction but should only be expected to be seen in real life.
I believe it. Amazing, very hard to believe, but yes I do believe it.
This morning's futures are flat this morning. OK, at least it's Friday...
Stocks Inch Ahead As Market Awaits Jobs Data, Syria 09/05/2013 06:45 PM ET - Stocks tacked on modest gains in quiet trade Thursday as funds found reasons to hold off. The Nasdaq rose 0.3%, while the S&P 500 inched up 0.1%. The Dow Jones industrial average was up fractionally. The IBD 50, which going into Thursday's action was up 30% for the year, advanced 0.3%. Volume fell across the board. Big money had three possible reasons ... More »
Bonds kinda took a thumping yesterday...
Long overdue return of higher interest rates does that; puts a burden on stocks too. I’ll be interested in seeing lower T-bill bids boost outlays for debt interest, and how budget battles go when we start with a $T automatically going for debt interest.
| Date | Time (ET) | Statistic | For | Actual | Briefing Forecast | Market Expects | Prior | Revised From |
| 6-Sep | 8:30 AM | Nonfarm Payrolls | Aug | 169K | 210K | 177K | 104K | 162K |
| 6-Sep | 8:30 AM | Nonfarm Private Payrolls | Aug | 152K | 215K | 180K | 161K | - |
| 6-Sep | 8:30 AM | Unemployment Rate | Aug | 7.30% | 7.50% | 7.40% | 7.40% | - |
| 6-Sep | 8:30 AM | Hourly Earnings | Aug | 0.20% | 0.20% | 0.20% | 0.00% | -0.10% |
| 6-Sep | 8:30 AM | Average Workweek | Aug | 34.5 | 34.5 | 34.5 | 34.4 |
| Category | Aug. | June | July | Aug. | Change from: |
| 2012 | 2013 | 2013 | 2013 | July | |
| 2013- | |||||
| Aug. | |||||
| 2013 | |||||
| Employment status | |||||
| Civilian noninstitutional population | 243,566 | 245,552 | 245,756 | 245,959 | 203 |
| Civilian labor force | 154,647 | 155,835 | 155,798 | 155,486 | -312 |
| Participation rate | 63.5 | 63.5 | 63.4 | 63.2 | -0.2 |
| Employed | 142,164 | 144,058 | 144,285 | 144,170 | -115 |
| Employment-population ratio | 58.4 | 58.7 | 58.7 | 58.6 | -0.1 |
| Unemployed | 12,483 | 11,777 | 11,514 | 11,316 | -198 |
| Unemployment rate | 8.1 | 7.6 | 7.4 | 7.3 | -0.1 |
| Not in labor force | 88,919 | 89,717 | 89,957 | 90,473 | 516 |
Headlines show unemployment rate down even while 115K fewer people are working.
“Headlines show unemployment rate down even while 115K fewer people are working.”
Screeching Pelosi Voice: “WHERE ARE THE JOBS MR. PRESIDENT!?!?”
(Screeched when unemployment was at 4.5%. Beotch.)
The market is up nice enough, I got out of my biggest position with a very slight profit. A relief for the weekend, not knowing what the warmongering will do to the market. Do not buy your day trades the day before closing because it's a good price lol. I did that, the next day it gapped down at opening, did the same for two more days only not as bad the third day. I had to hold since the 15th of Aug for it to come up to break even today and lucky it did.
Exactly, it always amazed me how we were hearing from so many people back in ‘08 —even on these threads— that unemployment was so high at 6%.
The way I go for a several week time frame they call me a 'swing trader' instead of a day trader who works with hourly timeframes. One kind of intraday chart that helps me is the hourly/8weeks, and I'm seeing all indexes having reached their top side resistance levels --
--although in all honesty I have to admit that those lines tell more about the past than they do about the future if you get my drift...
Complicit Media. No other reason. ;)
Are those buy or sell signals? Two red candles indicate a reversal of the uptick. Looks like you want to buy in on the bottom blue line and get out on the top one..
I don't expect you to tutor me on these; I'll work with them until I get them. People post these on the community forum.
I saved the charts. They say you should know when you want to exit. Today I got out just right, 53.80, put in a limit; by closing it was down to 53.20's. Hoping to buy back in at 53 or lower. If it's just one stock, the rules are a little different as you remember from day to day how it performed.
My strategy is pick a good stock if my trade goes bad. Go into it hoping to get out that day. If you can't, swing trade it. If it's a good stock, even if it takes a big dip due to market conditions, it's likely to snap back in a few weeks UNLESS there is a bad quarterly, guess you have to watch those!
Somebody was talking about GE. I never saw it get to 23.00. A person on the community forum day trades that one, says sometimes out in 6 seconds. Well the only way I can see how it would pay is you plunk down for 10,000 shares and then a .06 price difference would get you $600. GE doesn't have much spread but .06 would be the lower end; it could go I don't know in a day, .40, 50 cents on a good day. I should ask that person. I also read you should have a coach if you're going to day trade.
If it doesn't seem right, I won't go that day. But I'm starting to go 200-300 shares which is a lot for me. I'm happy if I can make $150 but have settled for less. I don't want to risk any more at my level of expertise.
The thing about swing trading, and I ran into it with my premature buy for a day trade, had to hold, it ties up funds longer and gives you less flexibility if you see an opportunity. I won't buy on margain. They've got me up to a lot for that almost 4X what I paid in. You know where that will get me if a trade goes bad or a couple or three in a row. Some of it has been luck. Thanks for the neat charts. I have worked a little with Bollinger bands where your principle is the same. But some are doing Fibonnaci and some other ones I don't have a clue. I would think you might get so you can't see the forest for the trees if you depend too much on elaborate charting. May regret I think that way.
And I have to get to work on options, really do the homework, but in the long run may be a better way to go. I don't know how to do ETF's or reverse ETF's.
The community forum at Scottrade has tons of good information in the archives.
How about you? How did you get your feet wet and build up your knowledge base?
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