CL Redux

[Picaso]

Sorry, I should have clarified:

Private Payrolls - M/M change 83,000 (prior), 100,000 (consensus)

Whisper 150,000

 

[EON Kid]

Quote from BlueStreek:

Employment Situation
Released on 8/6/2010 8:30:00 AM For Jul, 2010
Prior Consensus Consensus Range
Nonfarm Payrolls - M/M change -125,000 -70,000 -150,000 to 0
Private Payrolls - M/M change 83,000 100,000 50,000 to 140,000
Unemployment Rate - Level 9.5 % 9.6 % 9.3 % to 9.7 %
Average Hourly Earnings - M/M change -0.1 % 0.2 % 0.0 % to 0.3 %
Average Workweek - level 34.1 34.1 to 34.2

thanks for the previous posts BS

 

[BlueStreek]

well markets pop on that b/c they want to extend this rally as much as possible, but governments will be cutting back due to budget shortfalls for the second half of the year.

 

[Picaso]

Quote from BlueStreek:

well markets pop on that b/c they want to extend this rally as much as possible, but governments will be cutting back due to budget shortfalls for the second half of the year.

Maybe - but Congress just appropriated 26 billion for states that were facing cuts.

And as elections approach in the US and elsewhere, it will be difficult to <i>actually</i> cut any spending (as opposed to being in the opposition talking about balancing the budget without specifying what exactly you're going to cut)

Edit: I see more quantitative easing, not less

 

[BlueStreek]

we are in total bot mode, will make a move to the close with a counter and that`s it for today.

 

[mrbochin23]

Quote from BlueStreek:

we are in total bot mode, will make a move to the close with a counter and that`s it for today.

I am waiting for a break of the low of the day in OR, missed my entry point at my resistance point as I said before, we might get resistance in 82.37-82.44, but miss my entry point to the Short side, only problem market is really slow right now.

 

[BlueStreek]

the euro is really tight.

 

[NoDoji]

CL is like watching grass grow today, relatively speaking

I been a good girl, taking my 20 ticks here and there instead of watching all my winners reverse to break even.

 

[Speciaul_K]

Quote from NoDoji:

CL is like watching grass grow today, relatively speaking

I been a good girl, taking my 20 ticks here and there instead of watching all my winners reverse to break even.

Don't blame ya, gonna go slam my hand in the car door

 

[Picaso]

I guess most of you who trade with IB have already noticed, but they've lowered their commissions (by 20 cents per side for low-volume traders).

So CL is nos 4.62 per RT instead of 5.02

Wooohooo!!!