Bank of Japan's previous attempt to stem the yen's rise came on September 15. As a chart shows, the USD/JPY steamrolled right over that intervention attempt . . and the October 5 interest rate decision hasn't bucked the trend, either. If another "ransacking" by a bear is possible, are there any useful signs to watch for? * Asian markets finished Mixed today: China=---%, (China's last trade = Sep-30th) Hong Kong=+0.02%, and Japan=-0.07%. * European markets are Down so far today: England=0.00%, Germany=+0.06%, and France=+0.18%. * U.S. stock futures are Mixed/Flat right now as Traders await Earnings data, which kicks off with Alcoa reporting its third-quarter after today’s close. See U.S. Stock Index futures prices down the left-side of our Home page and clicking on the "quotes and charts" link for the latest prices. (click link below) ... read much, much more, including today's outlook and Charts, at http://www.StocksDoc.com/BMO.php .
Jobs Report . . I don't think it is being seen as "very negative". Therefore, I expect a relatively Up day . . . probably hitting recent highs, but no higher. I see no breakouts today.
our Weekend Stock Picks are doing good so far today . . . StocksDoc.com Members, make sure to check them out today so that you don't miss their run higher!
Before Market Opens (BMO) Trading Commentary . . .
* Asian markets finished Mixed today: China=+1.23%, Hong Kong=-0.37%, and Japan=-2.09%. * European markets are Down so far today: England=-0.49>%, Germany=-0.23%, and France=-0.91%. * U.S. stock futures are Down right now as Traders are taking some Profits as Resistance was not taken out yesterday. See U.S. Stock Index futures prices down the left-side of our Home page and clicking on the "quotes and charts" link for the latest prices. (click link below)
Overnight . . . * QQQQ/SPY are currently Trading at 49.63 / 116.21 . . . * Subscribers, see the Members Tab and use the Charts and Commentary I post each night and weekend for Support / Resistance / Target details. (click link below) * the S&P-500 futures Range-Bounds have been Down: between approximately 1152 - 1162 ... use these Bounds as possible Targets for Trading today. * the US-Dollar is Up to 77.87 now. the Euro is Down to 1.3823 now. See forex prices down the left-side of our Home page. (click link below) * Gold is Down to 1349 now. Members, please refer to my Gold Chart and Commentary on how to Trade this precious metal. (click link below) Our "far away" Target ($1360) from 3-weeks ago was Hit and we are now waiting to see a possible Down Signal, if any. * Copper is Up to 3.735 now. Copper prices and their Trend represent economic health around the World.