Today's trades that were posted in real-time in #FuturesTrades chat room via my IRC user name
NihabaAshi. You can review each trade from entry to exit along with commentary and an occasional trading tip because its all archived @
http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=20&t=180 My Trading Performance:
+24.75 Emini ES points
"As noted in yesterday's #FuturesTrades log...I expected today to have at least one strong prive movement along with starting today as a big GAP day. However, the story of my trading today was not being able to exploit a double trade signal (short positions) that appeared 1442pm - 1456pm est via the APAOR and VTR strategies. In fact, I got so with my lack of patience on those trades that I decided to call it quits for the trading day." http://www.thestrategylab.com/WRBAnalysisTutorials.htmhttp://www.thestrategylab.com/TradingReports.htm---------------------------------
Bank Shares Boost MarketStock indexes rally as investors digest early reports on stress test results. Also "could-have-been worse" employment reports help.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: May 6, 2009: 4:13 PM ET
NEW YORK (CNNMoney.com) -- Stocks surged Wednesday, with financial issues leading the way, after reports about the government's "stress tests" suggested that the major banks are better capitalized than some had thought.
Also helping: Jobs reports that suggested the pace of the slowdown is easing.
The Dow Jones industrial average (INDU) gained 102 points, or 1.2%, according to early tallies. The S&P 500 (SPX) index climbed 15 points, or 1.7%. The Nasdaq composite (COMP) fell 5 points, or 0.3%.
The major stock gauges had seesawed through the early afternoon, but managed to turn higher after reports about the stress tests surfaced.
Bank shares led the charge even on reports that major companies such as Bank of America and Citigroup will need to raise billions more to meet the requirements of the regulators conducting so-called stress tests.
But investors were perhaps relieved that the companies didn't need to raise even more, said Tom Hepner, financial adviser at Ruggie Wealth Management.
Stocks drifted lower Tuesday as investors retreated after a roughly 8-week advance that boosted the S&P 500 by 34%. The rally followed a rout that left the index at a more than 12-year low.
Since then, investors have been moving back into the market on indications that the economy is starting to find its footing. Wednesday's two job market reports continued that trend.
"There are indications that the rate of decline is slowing and that has made investors a bit more optimistic," Hepner said. "They're taking an almost ho-hum response to bad news."
Stress tests: Investors were sorting through published reports on the health of the nation's banking system ahead of the government's official release of the stress test results Thursday.
The government is testing to see that the 19 biggest banks have enough money on hand to withstand a potential bigger downturn in the economy. More than half the banks may have to raise additional capital, according to reports this week.
Bank of America (BAC, Fortune 500) may need to raise an additional $34 billion in order to meet regulators' standard. Wells Fargo (WFC, Fortune 500) may need around $15 billion, according to published reports Thursday. Dow component Citigroup (C, Fortune 500) may need another $10 billion.
JPMorgan Chase (JPM, Fortune 500), American Express (AXP, Fortune 500) and Bank of New York Mellon (BK, Fortune 500) won't need any additional capital, according to the reports.
All the bank stocks mentioned rallied, along with regional banks. Fifth Third Bancorp (FITB, Fortune 500) added 16% and was one of the Nasdaq's big gainers.
The KBW Bank (BKX) sector index gained 11%.
Employment: A pair of reports released before the open showed that the pace of unemployment is starting to slow.
Employers in the private sector pared 491,000 jobs from their payrolls in April, after cutting 708,000 jobs in March, according to payroll services firm ADP. Economists surveyed by Briefing.com expected a decline of 645,000.
The number of job cuts announced in April decreased for the third month in a row, according to outplacement firm Challenger, Gray & Christmas Inc. U.S. employers announced 132,590 cuts in April, the lowest number since October, but still 47% more than in the same month a year ago.
The reports raised bets that Friday's bigger non-farm payrolls report from the government will show a slower pace of job losses too. Employers are expected to have cut 620,000 jobs from their payrolls after cutting 663,000 in March. The unemployment rate, generated by a separate survey, is expected to have risen to 8.9% from 8.5% in March.
Autos: General Motors (GM, Fortune 500) shares slumped ahead of its quarterly report, due out Thursday. The troubled U.S. automaker, facing a potential bankruptcy filing, is expected to post a steep quarterly loss.
Last week rival Chrysler filed for bankruptcy, after failing to win enough concessions from its lenders.
Ford Motor (F, Fortune 500) - the only Detroit automaker that has not taken government loans - said its restructuring is on track and that it has enough money to fund its plan. The company also said it will spend $550 million to convert a plant that produced trucks and SUVs into a complex for making fuel-efficient and battery-powered cars.
Corporate news: Walt Disney (DIS, Fortune 500) issued quarterly results late Tuesday. The Dow component reported weaker earnings that topped estimates on weaker revenue that missed estimates. Shares jumped 12% Wednesday.
Cisco Systems (CSCO, Fortune 500) fell ahead of its quarterly results, due out after the close. The tech leader posted earnings of 30 cents per share, down from a year earlier but ahead of estimates.
A rally in oil prices gave a boost to big oil services stocks Exxon Mobil (XOM, Fortune 500), Chevron (CVX, Fortune 500), ConocoPhilips (COP, Fortune 500) and Schlumberger (SLB).
Among decliners, Wal-Mart Stores (WMT, Fortune 500) and other retailers declined.
Bonds: Treasury prices rose, lowering the yield on the benchmark 10-year note to 3.13% from 3.15% Tuesday. Treasury prices and yields move in opposite directions.
Borrowing costs continued to improve. The 3-month Libor rate fell to an all-time low of 0.97% from 0.99% Tuesday, according to Bloomberg.com. The overnight Libor held steady at 0.24%. Libor is a bank lending rate.
Other markets: In global trading, most Asian markets ended higher. Japanese markets have been closed all week for a holiday. European markets ended higher.
In currency trading, the dollar gained versus the euro and fell against the yen.
U.S. light crude oil for June delivery rose $2.50 to settle at $56.34 a barrel on the New York Mercantile Exchange.
COMEX gold for June delivery rose $7.20 to settle at $911.50 an ounce.
Yahoo! Finance 4:20 pm : Profit takers attempted to reverse early gains that were spurred by better-than-expected economic data, but an underlying bid helped stocks rebound to finish at their best levels in months.
The latest ADP Employment Report estimated that 491,000 jobs were cut from private payrolls in April. Though that is certainly a high number, it isn't nearly as bad as the 645,000 job cuts that were expected. It is also down substantially from the 708,000 job losses recorded for the prior month, which fits the idea that the economy is bottoming.
The idea that the economy has started to bottom has lured money in from the sidelines in recent weeks. Recently released data indicate that the end of March brought the biggest sequential inflow of funds into mutual fund assets on a percentage basis since April 2003, and the biggest inflow of absolute funds since April 2008.
The inflow of money has compounded gains in recent weeks, taking the stock market up 38% from its March 6 low. That has many market watchers anticipating a pullback.
However, there is a persistent bid that seems to stymie downside moves from gaining traction. Just so, this session's early gains were reversed by profit takers, but that gave way to a rebound that gathered momentum as participants looked to scoop up financials.
Financials were under pressure in premarket trading, but actually rallied into the open after reports quelled concern that major banks may need to raise outside capital in order to satisfy the government's bank stress tests. The Wall Street Journal reported JPMorgan Chase (JPM 37.22, +2.40) does not need additional capital and Citigroup's (C 3.86, +0.55) capital hole is considerably smaller than Fed officials initially identified, while separate reports indicated that Bank of America (BAC 12.69, +1.85) needs only to convert its capital to a larger proportion of common stock.
The official findings of the bank stress tests aren't due until after tomorrow's close, but leaking the news should help mitigate against any shock that would result from unveiling the results all at once.
Financial stocks won additional favor after news sources reported that the Senate has approved an amendment that could make it less costly to exit the TARP program. Shares of diversified banks and regional banks both finished 12.7% higher. The broader financial sector closed near its session high with an 8.1% gain.
Energy stocks climbed 3.6%, contributing to the broader market's advance. Energy stocks were bolstered by higher oil prices, which advanced 4.6% to settle at a five-month closing high of $56.34 per barrel. The move was helped largely by the notion that demand will improve with economic conditions in the back half of this year. Crude's advance was also helped along by relatively bullish inventory data, which indicated oil inventories for the week ending May 1 increased by 605,000, far less than the 2.5 million barrel build that was widely expected.
With oil prices on the rise, shares of oil and gas explorers advanced 7.1%, while oil and gas equipment companies climbed 4.0%, and drillers gained 2.6%. Offshore specialist Transocean (RIG 74.59, +1.62) was able to win additional support by posting this morning better-than-expected quarterly results.
United Technologies (UTX 52.29, +0.46) reaffirmed its full year 2009 guidance, but General Electric (GE 13.67, +0.57) was the primary leader among industrial stocks. Industrials finished with a 1.7% gain.
Despite the early efforts of profit takers, the S&P 500 spent the entire session in positive territory. Though it encountered some resistance when it approached the 920 level, the stock market still closed at its best level since early January.
The move was supported by strong trading volume. Nearly 1.9 billion shares traded hands on the NYSE this session; that's the most in a single session since mid-April, and above recent averages. DJ30 +101.63 NASDAQ +4.98 NQ100 +0.0% R2K +0.5% SP400 +0.9% SP500 +15.73 NASDAQ Adv/Vol/Dec 1504/2.91 bln/1193 NYSE Adv/Vol/Dec 2171/1.88 bln/898
3:35 pm : Commodities have mirrored the action in the equity markets this session. The CRB Commodity Index is currently up 2.3%.
Energy Commodities have been especially strong, up 4.3% collectively.
June crude oil futures contracts finished above $56 for the first time since mid-November. The contracts finished at $56.34 per barrel, up 4.6%, helped in part by bullish inventory data released this morning.
Natural gas futures contracts staged an even more impressive rally this session. The June contracts finished the session at $3.89 per contract, up 6.6%.
These moves follow an impressive earnings report from oil and gas drilling and exploration company Transocean (RIG 74.50 +1.53), who this morning reported EPS of $3.75, excluding items, versus the consensus of $3.51. Independent oil and gas company XTO Energy (XTO 41.75 +3.84) also released impressive quarterly results this morning, reporting Q1 EPS of $0.92, excluding items, beating analyst expectations by $0.15.
June gold futures contracts closed the session higher by 0.7% to close at $911 per ounce.
July silver futures contracts are now up substantially since trading just above the $12 level on May 1. The contracts closed at $13.70 per ounce, up 2.2%.DJ30 +56.55 NASDAQ -4.37 SP500 +8.92 NASDAQ Adv/Vol/Dec 1367/2.5 bln/1349 NYSE Adv/Vol/Dec 1975/1.4 bln/1081
3:00 pm : Stocks are feeling some resistance as the S&P 500 butts up against the 920 level, which was last reached in early January. As the broader market's upward move stalls, the financial sector (+7.6%) has eased back a bit.
Despite the overall strength of equities this session, retailers are failing to participate in the gains. Retailers' stocks are down 1.1%.
Treasuries have managed to move into the green. Treasuries have been contending with selling pressure during the last several sessions, but have managed to make an upward turn this afternoon. As such, the benchmark 10-year Note is up 3 ticks, which has put its yield at 3.15%.DJ30 +88.73 NASDAQ +4.10 SP500 +14.52 NASDAQ Adv/Vol/Dec 1511/2.22 bln/1200 NYSE Adv/Vol/Dec 2144/1.23 bln/901
2:30 pm : The Dow and S&P 500 have marched to fresh session highs. However, the Nasdaq only recently crossed into positive territory, and still remains off of its best levels of the session.
This afternoon's advance remains underpinned by a rally in financial stocks, which are now up 8.5%. Week to date, financial stocks are up 18%.
Trading volume is relatively strong. More than 1 billion shares have already traded hands on the NYSE.DJ30 +95.82 NASDAQ +4.70 SP500 +14.47 NASDAQ Adv/Vol/Dec 1514/2.05 bln/1168 NYSE Adv/Vol/Dec 2118/1.11 bln/910
1:55 pm : The major indices trade in mixed fashion, with the S&P 500 trading near session highs. Financials (+6.0%) have advanced to their best level of the session.
The Senate approved an amendment that could make it less costly to exit TARP, according to CNBC.DJ30 +73.99 NASDAQ -4.56 SP500 +10.93 NASDAQ Adv/Vol/Dec 1292/1.84 bln/1357 NYSE Adv/Vol/Dec 1901/976 mln/1102
1:30 pm : Findings from the government's bank stress tests are being leaked to news sources, most likely to diminish the shock that would result from unloading the results all at once.
According to The Wall Street Journal, JPMorgan Chase (JPM 36.14, +1.32) needs no additional capital. CNBC reported that Goldman Sachs (GS 137.24, +2.04) does not need new capital. However, The Wall Street Journal recently reported that Regions Financial (RF 5.90, +0.41) does need to raise additional capital.
Shares of diversified banks are currently up 7.6%, while regional banks are up 8.5%.DJ30 +32.23 NASDAQ -11.94 SP500 +5.84 NASDAQ Adv/Vol/Dec 1232/1.71 bln/1408 NYSE Adv/Vol/Dec 1786/880 mln/1198
1:00 pm : Stocks looked as if they would start the session with losses, but better-than-expected employment data helped improve the early bias and position stocks to open with gains. Volatile trading ensued, though, as profit taking reversed the early advance and sent stocks back to the unchanged mark. However, financial stocks have led a midsession rebound.
Early reports suggested that Bank of America (BAC 12.17 +1.33) and Citigroup (C 3.50, +0.19) may need to raise billions more in capital, which pressured bank stocks in premarket trading. However, subsequent reports indicated that Bank of America merely needs a greater proportion of common equity to satisfy the government's stress tests. News that Bank of America's situation isn't quite so dire prompted participants to hurry back into the stock while its price was down. Shares of BAC have swung more than 15% from premarket levels to their current share price.
Still, financials aren't quite back to their session highs, which were reached shortly after the open when participants were motivated by data that suggested the economy is in the process of bottoming. According to the latest ADP Employment Report, which isn't always a precise indicator of job losses, 491,000 jobs were lost in April. While that is certainly a high number, it is far better than the 645,000 job losses that were expected, and much improved from the 708,000 job losses registered in the prior month.
Though the broader market has managed to make its way back to a solid gain, large-cap tech continues to underperform. Its weakness has caused the Nasdaq Composite to lag its counterparts and trade with a loss. DJ30 +41.18 NASDAQ -9.15 SP500 +6.40 NASDAQ Adv/Vol/Dec 1327/1.57 bln/1290 NYSE Adv/Vol/Dec 1850/811 mln/1131
12:30 pm : The S&P 500 is back near its session highs. Financials and energy stocks are providing the most leadership; the two sectors are up more than any other sector, +4.8% and 3.5%, respectively.
Industrials are having a strong session, too. Industrial stocks are up 1.6% amid leadership from General Electric (GE 13.68, +0.58). Industrial stocks were trading at the unchanged mark just one hour ago.DJ30 +62.29 NASDAQ -1.03 SP500 +10.19 NASDAQ Adv/Vol/Dec 1387/1.41 bln/1220 NYSE Adv/Vol/Dec 1952/745 mln/1017
12:00 pm : Stocks are reclaiming earlier gains as they climb to their best levels since the first hour of the session.
Large-cap tech continues to underperform, however. Large-cap tech's weakness is most visible in the Nasdaq 100, which is down 0.5%. Apple (AAPL 131.48, -1.23) and Cisco (CSCO 19.39, -0.24) are primary laggards among large-cap holdings. However, Research In Motion (RIMM 77.33, +1.93) is providing some support; the stock had its target raised by analysts at Oppenheimer.DJ30 +40.94 NASDAQ -5.25 SP500 +7.36 NASDAQ Adv/Vol/Dec 1267/1.25 bln/1323 NYSE Adv/Vol/Dec 1773/674 mln/1166
11:30 am : Though the major indices remain off of their session highs, energy stocks and financial stocks are still holding on to solid gains.
The financial sector is currently up 3.0% amid strength in Wells Fargo (WFC 24.79, +1.57) and JPMorgan Chase (JPM 36.08, +1.26). The two banks have garnered interest from investors looking to scoop up shares of bank stocks on pullbacks. Both stocks had traded in the red in premarket action.
Meanwwhile, energy stocks are up 2.4% amid leadership from oil and gas exploration companies (+5.6%). Offshore drilling specialist Transocean (RIG 74.83, +1.86) is showing particular leadership after posting better-than-expected quarterly results this morning.
A 3.0% rise in crude oil prices is also helping energy stocks. Oil was last quoted at $55.45 per barrel.DJ30 +5.89 NASDAQ -15.47 SP500 +3.01 NASDAQ Adv/Vol/Dec 1102/1.10 bln/1437 NYSE Adv/Vol/Dec 1593/601 mln/1321
11:00 am : The Dow and the S&P 500 recently pulled back to the unchanged mark, but are now on the mend. The Nasdaq, however, remains in negative territory.
The recent downturn in stocks did not come from any individual news item, but from participants' decision to take profits after the market's initial advance. From last week's close to this morning's high, stocks had gained more than 4%.DJ30 +35.76 NASDAQ -11.31 SP500 +5.06 NASDAQ Adv/Vol/Dec 1164/931 mln/1329 NYSE Adv/Vol/Dec 1706/515 mln/1194
10:30 am : Equities are handing back some of their earlier gains, but commodities are seeing solid support. In turn, the CRB Commodity Index is up 0.6%.
Crude oil is garnering particular interest. The commodity was recently quoted 2.4% higher at $55.15 per barrel in the wake of the latest weekly oil inventory data. According to reports, oil inventories increased by 605,000 barrels during the week ending May 1. A build of 2.5 million barrels was expected. Crude briefly spiked to a session high of $55.80 per barrel as the report was being released.
Meanwhile, natural gas prices are up a robust 3.8% to $3.75 per contract.
As for precious metals, gold is up a healthy 0.7% to $910.40 per ounce, marking the third straight session in which gold prices have moved higher.
Silver is making an impressive gain of its own. The stuff was recently quoted 2.3% higher at $13.73 per ounce.DJ30 +10.36 NASDAQ -20.97 SP500 +1.56 NASDAQ Adv/Vol/Dec 1023/717 mln/1392 NYSE Adv/Vol/Dec 1501/413 mln/1354
10:00 am : The broader market continues to show strength, but utilities stocks have extended their downturn by falling to a 0.9% loss. PG&E (PCG 37.40, -0.39) is among the laggards in the utilities sector; the company posted this morning quarterly earnings results that failed to meet analysts' expectations.
Financials are going the other way. The sector is now up 4.3% amid strength in shares of diversified banks (+7.4%) and diversified financial services companies (+6.1%).
Early movers: Trading up -- ARM +36.8%, CBM +31.7%, APAC +29%, ACOR +26.6%, AHD +25%, IRE +23.2%, UNTD +19.4%, CKSW +18.7%, LINC +17.8%, AMMD +17.5%, TRLG +17.1%, ANR +16.9%, SUMT +16.8%, PLT +16%, AIB +15.9%, FIG +15.5%, CAR +15.4%, COF +14.7%, DM +14.4%, LNC +13.2%, ZION +13%, GT +12.6%, OWW +12.3%, VOLC +11.8%, CLF +11.5%, VCP +10.9%, FCL +10.4%, BBT +10.4%, FVE +10.3%, ARA +10.3%, FCH +10.2% Trading down -- ACAS -22.4%, GTU -12.7%, DENN -12.3%, BBND -10.4%, ATML -10.3%, DPTR -10.2%, JCOM -9.7%DJ30 +57.19 NASDAQ +6.97 SP500 +9.39 NASDAQ Adv/Vol/Dec 1455/412 mln/838 NYSE Adv/Vol/Dec 1863/272 mln/899
09:45 am : Stocks are making solid gains in the opening minutes of trade. Utilities (-0.4%), technology (-0.1%), and health care (-0.2%) are the only sectors currently trading in the red. Health care was actually a consistent outperformer in the prior session.
Financials (+3.8%) are seeing strong gains despite some initial weakness in premarket trading. Financials were hit ahead of the opening bell as traders reacted to reports that indicated Bank of America (BAC 11.58, +0.74) and Citigroup (C 3.50, +0.19) may need to raise more capital. However, subsequent reports indicate that Bank of America doesn't need to raise more outside capital, but instead needs to increase the proportion of its common equity, which can be done through conversion of preferred shares. Though conversion would prove dilutive to existing shareholders, such a move has generally been expected.
The latter reports helped shares of banks and financial services companies rally from premarket losses into the green. That, combined with a better-than-expected ADP Employment Report for April, has helped stocks start the session with solid gains. DJ30 +60.77 NASDAQ +7.01 SP500 +7.92 NASDAQ Adv/Vol/Dec 1536/237 mln/671 NYSE Adv/Vol/Dec 1960/170 mln/690
09:15 am : S&P futures vs fair value: +8.70. Nasdaq futures vs fair value: +8.80. Stock futures had been pointing to a downward start amid reports that banks need billions of dollars to satify regulators' capital requirements, but a better-than-expected ADP Employment Report for April has propped up the premarket bias. Though the report seemed to provide participants with a sign that the economy is in the process of bottoming, participants should note that the ADP report isn't always the best indicator for the official nonfarm jobs report, which is due Friday. Nonetheless, broader market stock futures now point to an upward start for the session.
09:00 am : S&P futures vs fair value: +8.00. Nasdaq futures vs fair value: +7.00. European stocks are trading with solid gains. France's CAC is seeing the strongest percentage gain of the three major European bourses; it is currently up 2.4%. BNP Paribas is a primary leader as it builds on its recent string of gains. BNP Paribas has garnered interest after posting better-than-expected earnings; its stock has gained more than 20% on the CAC during the course of the past five trading sessions. Total (TOT) is garnering support despite news that the company reported a drop in first quarter profits. According to The Wall Street Journal, Total's first-quarter net profit fell 36% year-over-year to roughly $3.05 billion. Germany's DAX is up a healthy 1.8% as its advancing issues outnumber its decliners by more than 3-to-1. Allianz (AZ) and Siemens (SI) are both trading as primary leaders. Daimler (DAI) is also providing support. However, banking and financial services outfit Deutsche Bank (DB) is trading as a primary laggard. Banks and financial services companies are trading in mixed fashion in Britain, where the FTSE is up 2.0%. HSBC (HBC) is a primary leader after being upgraded by analysts at JPMorgan. Standard Chartered is also showing strength after reporting a record first quarter profit. Barclays (BCS), however, is trading as a primary laggard after analysts at UBS downgraded the stock. In Asia, the MSCI Asia-Pacific Index closed 0.8% higher, while Hong Kong's Hang Seng advanced 2.5% to settle at a seven-month high. The Hang Seng's advance was led by financial stocks, though China Construction Bank extended recent losses amid expectations that a hefty lock-in of shares owned by Bank of America will be allowed to expire on May 7. In mainland China, the Shanghai Composite advanced 1.0%. Clean-energy and auto shares outperformed. Japan's Nikkei remains closed, but will reopen May 7.
08:30 am : S&P futures vs fair value: +6.00. Nasdaq futures vs fair value: +5.50. Released at 8:15 AM ET, the latest ADP Employment Report indicated that job losses during April totaled 491,000, which is not nearly as many as the 645,000 job losses that had been expected. Meanwhile, March's reading was upwardly revised to reflect a loss of 708,000 jobs. The ADP report isn't always completely accurate for predictiong the monthly nonfarm payrolls number, which will be released Friday, but it has been a strong directional indicator. The official nonfarm payrolls report comes is currently expected to show 610,000 job losses for April. Nonetheless, the news has provided a lift to stock futures, which now point to a mildly positive start for the trading session.
08:05 am : S&P futures vs fair value: -4.00. Nasdaq futures vs fair value: -3.30. Market participants' willingness to sell during the prior session has carried over into this morning's premarket trading. The bias has been helped along by news from The Wall Street Journal that regulators told Bank of America (BAC) to address roughly $35 billion still needed to satisfy the government's bank stress tests. Meanwhile, New York Times reported that Citigroup (C) may have to raise between $5 billion and $10 billion in new capital meet a regulators' capital requirement. News of the possible capital raises is weighing on bank stocks, though official results aren't scheduled to be publicized until after tomorrow's trading day closes. In earnings news, Disney (DIS) generated second quarter earnings of $0.43 per share, which is $0.03 better than the consensus of $0.40 per share. That has helped push shares 4.8% higher to $24.25 per share in premarket action. Offshore driller Transocean (RIG) posted first quarter adjusted earnings of $3.75 per share, which is $0.24 better than the consensus of $3.51 per share. Its stock is up 0.9% to $73.64 per share in premarket action. The April ADP Employment report is due shortly (8:15 AM ET). Though the ADP report hasn't been the most accurate indicator for the nonfarm payrolls number, the report should provide some directional clues for Friday's official jobs report.
06:14 am : S&P futures vs fair value: -4.40. Nasdaq futures vs fair value: -4.50.
06:14 am : Nikkei...8977.37...+149.10...+1.70%. Hang Seng...16834.57...+404.50...+2.50%.
06:14 am : FTSE...4358.73...+21.80...+0.50%. DAX...4683.88...+11.40...+0.20%.
Go Back To TheStrategyLab.com Homepage