Daily Fundamentals 2/8/2008

Good Morning


Slow day today on the fundamental side of the market. Compared to yesterday today is really slow. You should have cleaned up on thursday.

I want to talk a little bit about this recession the news says we are having than says we are not having. These news people are changing their mines every day due to daily fluctations in the market. They are not looking at past year stats. YOU CANNOT LOOK AT DAILY ECONOMIC FORECASTS TO DETERMINE A RECESSION. sheesh....Bloomberg.com has an article saying its looking bad because car sales and consumer spending is down. HELLO!!!! its february. Consumers are not going to buy alot of stuff right after christmas....First quarter is usually slow, EVERY YEAR......They (media) keeps saying the economy is at a .5% growth rate. The technical defanition of recession is negative growth or no growth. 0.5 is SLOW GROWTH.

All these journalist that call themselves economists don't know anything because they report the news not actually invest or trade........Makes me sick....They have been reporting bad numbers and interepret it as a recession. Not look at the fact that its right after the holidays.......

JP

Daily Fundamentals 2/6/2008

Good Morning,

Only two annoucnments this morning, Non farm productivity came out this morning at 1.8%. Didn't really move the market very much. Unit labor costs came out down at 2.8%, but up from the expected .8 which sent stocks up this morning.

JP

Daily Fundamentals 1/23/2008

Good Morning

Its been crazy in the market for day traders. People are getting slammed left and right. I'd even wait for a more weeks to start buying more into mutual funds and long term investments. The Nikkei closed last night up 256 after the feds statement. There are talks about Ben Bernanke might cut rates even more. These are some crazy times on the market place. Be Careful!!

JP

Daily Fundamentals 1/21/2008

Good Morning

Its gonna be a pretty slow week on the news side of the market. But the big story this week is going to be gold. Gold is sitting at 868 an oz, that's down from 890-900 last week. Gold could drop way lower due to slower world economy. If I were you I'd wait for the pullback to buy gold. Watch your indicators and the news for a good movement indicator.

Have a good monday,

JP

Daily Fundamentals 1/16/2008

Good Morning,

Gold is down 15 dollars from the open of yesterday. Oil is sitting at 90 dollars a barrel. Capacity utilization, core cpi and net long term transactions were all positive numbers this morning in the US session news. JP Morgan and Wells Fargo both announced negative profits this morning. Not too shocking.

JP

Mid-Week Update 12-12-2007

Good Morning

Well the fed came out yesterday and cut interest rate a quarter of a point to 4.25%. Pretty much obliterated the stock market and all the dollar pairs. PERFECT trade! Trade balance just came out about 14 minutes ago, The dollar didn't really have a reaction to it because it sold off before the announcement. There was a minor push up in eur/usd though.

The rest of the week looks pretty good fundamentally with ppi and cor ppi. Also have the Tanken report in japan which will be nice in yen pairs. its the same as the US Beige book.

I have decided to start commentating futures and stocks more on my blog. I'm new to futures so if I sound like any more of an idiot then i am now please don't laugh to hard. HAHA........

Thanks

JP

Weekly rapup 12/7/2007

Good Morning

Well as expected this week was a pretty active week on the fundamental side of trading. Unemployment came out today at 4.8% up from 4.7% last month. Consumer sentiment was down as expected. It had a minor quick scalp on dollar pairs. Its going to be a sidways friday today i think. euro yen is in a intraday trend. Hoping it'll break out so i can get something.

Hope everybody has a good weekend.

JP

Mid-Week Update

Good Morning folks

The non farm employment just came out today and its double what was predicted 189K, prediction was 119K. MARKET MANIPULATION PEOPLE. I'm all for trading fundamentals but i really wouldn't trade on these numbers. Something wrong here. The ISM manufacturing index was higher at 50.8 VS the 50.4 predicted. I'd watch this number after the Christmas season due to less manufacturing after Christmas. This has been a huge week all across the board on the fundamental side. All currencies have had good news movers coming out this week. News traders are going WILD.

As far as the rest of the week goes, We've got the ECB announcement coming out tomorrow as wells jobless claims. Friday we've got consumer sentiment as well as consumer credit (which will be a crap number) and we got the employment situation number on Friday as well. After seeing non farms at 189K i wouldn't trade the employment number cause of the manipulation.

Well, i gotta get trading folks. Have a good day!