Friday, August 05, 2005 8:53:30 AM
The September Employment Numbers just came out...
And it blew all estimates away to the high side by over 20K for September!
They also raised the previous two months numbers signifigantly!
The dow futures were up 11.00, and the Naz futures were up around 3.00 just before the numbers came out...
Ten minutes after the report, the futures are: DOWN!!!...???
Dow--15.00
Naz--2.5
Say WHAT!!! I guess just like reporting season, the AnalYsts expected 180K and they didn't like not getting what they wanted...This stock market has a logic of it's own, that IMO has nothing to do with Logic at all...
YHOO colsolidated in a downtrend yesterday since noon into the close...that usually calls for weakness, and I will be shorting it if it breaks below 34.00 if the futures deteriorate towards the open....the only danger is: YHOO has had strong support at 34.00 many, many times in the past, so this will be a tricky trade....I may decline to participate knowing this...It's not doing much in the pre-market session today...
Good Luck To ALL ;^)
And it blew all estimates away to the high side by over 20K for September!
They also raised the previous two months numbers signifigantly!
The dow futures were up 11.00, and the Naz futures were up around 3.00 just before the numbers came out...
Ten minutes after the report, the futures are: DOWN!!!...???
Dow--15.00
Naz--2.5
Say WHAT!!! I guess just like reporting season, the AnalYsts expected 180K and they didn't like not getting what they wanted...This stock market has a logic of it's own, that IMO has nothing to do with Logic at all...
YHOO colsolidated in a downtrend yesterday since noon into the close...that usually calls for weakness, and I will be shorting it if it breaks below 34.00 if the futures deteriorate towards the open....the only danger is: YHOO has had strong support at 34.00 many, many times in the past, so this will be a tricky trade....I may decline to participate knowing this...It's not doing much in the pre-market session today...
Good Luck To ALL ;^)
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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