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Employers Boost March Payrolls by 211,000
Employers, in a springtime hiring burst, boosted payrolls by a sizable 211,000 in March and pushed the nation's unemployment rate down to 4.7 percent.
The latest snapshot, released by the Labor Department on Friday, suggested that an accelerating economic expansion is putting companies in the hiring mood, brightening prospects for job seekers.
Hiring gains were fairly widespread. Construction, financial activities, education and health care and government were among the sectors posting payroll gains. That help to blunt job losses in manufacturing and in the transportation industries.
interesting tomorrow because a good jobs report would be bad for stock market-- more people working means wages pressure which means inflation.
CSGCOS backtest question
CSGCOS has various scenarios depending on where the qqqq is technically
has anyone done a backtest on the different parts of CSGCOS
in other words do certain CSGCOS scenarios have a higher rate of success than others?
thanks for invite.. i have been very busy at work and haven't had a chance to participate in the qqqq predictions
hopefully things are settling down.
a macro economic note.. gas prices are starting a pre summer surge
I predict we get 3.50 to 4.00 dollar a gallon gas prices this summer.
Window dressing
well if there is going to be window dressing then it should happen last hour.
Glen
have you ever done a contrarian guru model portfolio
so if guru says selling pressure is gone and short squeeze will happen monday or tuesday
you short qqqq in your model portfolio
Wow very impressive the last few days with the picks of tops and bottoms.
Seems like the system works for tight trading range which we have been in the last month or so..
if we do break out will the system be able to pick it up?
my two cents.. April is usually a good month for tech I wouldn't be surprised if we do finally break out to higher side. seems like a few leader stocks woke up today (intc and appl)
my feeling I think fed and federal government do everything possible to make CHairman's debut a very positive one. i expect the markets to go up after fed announcement
dairy queen is owed by Warren Buffet Berkshire Hathaways
it is n't about whether they raise interests rates or not this time (they probably do ) but rather if they indicate that if they are finish raising rates.
itsn't true they will raise a bit more the last time ? 1/2 point rather than 1/4 point?
wow everyone did great today -- my question is why did signals work perfectly today? and yet others days they don't?
any thoughts
CPI came in below estimates that is going to propel this market higher
agreed
i think we have flat to down day
Max Pain tomorrow for qqqq is 41.50 so I think that is where we end up Friday
amen brother
going higher till close
Markte will start to move at 3:20 will decide whether we fade or go next leg up..
here comes the bull
Fed beige book says economic activity increased
http://news.yahoo.com/s/nm/20060315/bs_nm/economy_fed_beigebook_dc_1
max pain experiment
aapl got hammered this morning on negative analyst news
but it's max pain number is 67.50 - I went ahead and jumped on 65.00 calls and wouldn't you know it - it looks like it is reversing -
looks like a ton of short covering
Looks like we are going to get positive close for today--
what does that mean for tomorrow?
is Max Pain still 41? seems like there is an awlful lot of action with 40 calls ==
Click Fraud is a big problem - as someone that does Google ad buys -- Google attitude is that you must have absolute verifiable proof of click fraud before they give you any refund or credit.
Also the content network has much more click fraud then the Google search engine ad network and content network is actually a small percentage of their ad inventory.
Click Fraud ultimately is no different than TV or Magazines overstating their potential audience. so I am sure Google will have to give refunds to various big advertisers (like TV networks do when they don't deliver numbers) but most ad buyers kind of already know that 30% of click thrus are bogus.
PC Sales Expected to Slow in 2006
http://news.yahoo.com/s/pcworld/20060313/tc_pcworld/125039
Shipments of PCs worldwide will grow at a slower pace in 2006 than in 2005, partly because the replacement cycle for desktop PCs has hit a peak, market researcher Gartner said last week.
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PC shipments in 2006 are expected to reach 234.5 million units, up 10.7 percent compared with 2005. However, PC shipments grew 15.5 percent in 2005, compared with 2004.
Although shipments of mobile PCs are expected to grow strongly in 2006, the deceleration in desktop PC replacements will drag down the overall growth rate, according to Gartner.
As I said -- in 2001 when the first tax cut was going thru everyone knew that our economy was slowing and there was a real chance the Clinton Surplus would become the Bush deficit.
When government runs a deficit there are only two ways to fund it-
Issue bonds or raise taxes..
in 2001 they knew the economy was slowing - god forbid DA Boyz money would be in the free markets during this time.. no they push the tax cut and pushed the government back into debt and park their money in T Bills until the coast is clear.
that is easy- the government runs up a huge debt and all the money goes into Fed T Bills.. incredibly safe investment pay for by taxpayers
a question -- didn't someone post a little while ago that the monday and tuesday before options expiration the market usually closes up?
can someone repost that info again?
both AAPL and GOOG double bottoms?
qqqq could go higher if intc gets above 20 --
in the preverse logic if we smoke in job number then stock market will swoon because inflation is a huge concern so tightening job market will be another sign of inflation and that Fed isn't going to stop raising interest rates. A weak number will show Markets that inflation isn't as bad and Fed might end tightening soon
luckily Bush administration has n't made their job numbers in 5 years why should they start now?
tomorrow job report--
210k is the number
this is why Pokersam is not really a bear but a trader - he saw the bounce was coming and wasn't afraid to unload puts -
this is the only way to trade options. Tip my hat to you Poker
msft helping qqqqs today they announced revamped search engine
Google Gaffe
Google Inc. traded at $352 a share in Frankfurt, down over 3 percent, after the Internet search engine said it inadvertently released sales guidance that roughly equates to a forecast of a 57 percent rise in 2006 advertising revenue, in line with Wall Street forecasts.
Goldman Sachs lowered its price target on the company on the risk of slower affiliate growth.
rebounding toward close ..
what does low put call volume imply?
Perhaps we should add a new rule to our developing rules..
on Friday EOD we clear the deck and start the tech analysis over on Monday morning.
It is very very rare that I hold Options over the weekend - So much can happen - I learn the hard way -- successful trades on Friday become losses on Monday
90% of people on this board were bears on Friday expecting market to tank --
You just never know what is going to happen--
Dow held 11k and INTC did not break 20 so those have to be seen as positives --- for now.. I think the market wants to go higher but with world events especially threats to oil -- the market just can't follow thru.
I think we go higher last hour and maybe close at 42.00
exactly right rcptrader.. seeing a lot of support of yahoo here market looks like it wants to brush off intel news