This is a sample entry from Drew Rathgeber’s newsletter, The Rath Overlay, published on Tuesday, April 08, 2014.
In The News
Part-Time Nation: Number Of High-Wage Jobs Added In March: +2,000
Curious why hourly wages fell, and why the weekly number continues to trend at a near-recession level, and certainly one that does not support a 2% inflation growth case? Here’s why: in March the best paying industry groups – information, financial activities and manufacturing (which actually saw a drop of 1,000 jobs in the past month) – added a cumulative total of… 2,000 jobs among them. Where was the bulk of the job gains? At the worst paying sectors of course. (more)
IMO: When I first heard the employment situation, the first thing I thought of was exactly what this article speaks about.
U.S. probing high-speed trading, attorney general says
(Reuters) – The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday.
The disclosure comes the same week that securities regulators and the FBI also confirmed they are looking into potential wrongdoing by high-frequency stock traders. (more)
IMO: Maybe the Attorney General should be probing itself? Also, at the same time we shouldn’t have a rigged market. This is why I’m a fan of Automated Systems sSee below).
In The Markets
Emini S&P (ES)
Market Comments: Jobs report came out a bit better than expected and Unemployment held 6.7%. Indices had a small correction. Is this the correction we have been looking for?
Market Comments: Fresh cross to the downside on the daily charts confirmed a few days ago. I’m watching a pending bullish cross on the Dollar Index. As I currently watch Gold it’s still within its downtrend, and as I’ve been saying it will probably take a “Fundamental Event” for a reversal. Huge battle at these pivot points for the Bulls & Bears camps!
U.S. Dollar (DX-M)
Market Comments: Dollar down big today, which means Gold is up, it never did confirm it’s bullish cross to the upside.
The Week Ahead
- 4/9 – FOMC Minutes 2:00PM ET
- 4/10 – Jobless Claims 8:30AM ET
IMO – In My Opinion
Subscribe to The Rath Overlay
The Rath Overlay - Authored by senior broker, Drew Rathgeber, The Rath Overlay uses timeless methods to clearly identify market opportunities and guides the confident execution of your focused trading plan.
Futures Basics & Essentials: The Beginners Guide to Trading Silver Futures
Download this informative guide designed to help you understand silver futures, and how you can trade these precious metal instruments! This eBook was created for those who seek to understand where the professionals trade precious metals, how futures contracts work, and details of the margins and market hours.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.