The Trading Day Ahead – 09/11/08
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/389557886/Posted on Thursday, September 11th, 2008 | In Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Stocks are potentially in for a down day today. At 8:30 AM, we will be getting the Initital Jobless Claims number for the week ending September 6th. If there were considerably more people applying for unemployment benefits than the 440,000 the market is expecting, we could see a sharp drop in the stock market.
Last Friday, we got unemployment numbers that showed that the unemployment rate in August unexpectedly jumped to 6.1% from 5.7% in July. Those numbers may turn out to foreshadow the type of number we will be getting for Initial Jobless Claims today and that will not be good for those that are long the market.
Last 5 posts by Daniel Shepard
- Trade Recommendation For 10/15/09 - October 14th, 2009
- The Technical Trader – Coca-Cola FEMSA - October 14th, 2009
- Cisco To Acquire Starent - October 13th, 2009
- Stock Market Report – 10/13/09 - October 13th, 2009
- Stock Market Report – 10/13/09 - October 13th, 2009
 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.