Archive for April 6th, 2008

Weekly Commentary April 7-11

Sunday, April 6th, 2008

Last week was the first week that the S&P finally was up. The 400 point Tuesday was not erased like so many other weeks, even with Bernanke’s gloom and doom report where he now dropped the “R” word.
Bernanke’s R word was justified. In March we say 80,000 jobs lost across all job sectors, Manufacturing, Construction, and Service. Only Government added any jobs. And both January and February were revised much lower. For the first quarter of 2008, over 250,000 jobs have been lost. And more are on the way. Last Thursday, 38,000 new people applied for unemployment compensation. April’s numbers will look worse.
This week will tell just how bad the recession is…this week starts earnings week. Last week GDP went unrevised at 0.6%. At some point, even this administration is going to have to admit that this is a recession and that we have been in a recession for months. Earnings will show just how week the economy is right now.
For us at Shadowtraders, volatility in the Market creates great trading opportunities. This last week we were able to make several trades for many ticks. Here’s an email we received from one of our clients this week “I did four 4&4 trades this week and they all got filled, making a total of 39 ticks. Thanks for the help. Doug T”
This week coming we expect to have many trading opportunities, especially since this is earnings week. You’ll want to take advantage of those opportunities and set your trades up for them. Join us for an introductory webinar and see some trades we put on.