DailyMarkets.com - Stock Indices Looking Toppy Ahead Of Non-farm Payrolls Report

---

• Stock Indices Looking Toppy Ahead Of Non-farm Payrolls Report
• May 4, 2012: Unemployment Report Review
• Top 5 Stocks Most Extended From 200d SMA Scan For May
• Friday Morning Links
• Manufacturing Job Gains Continue To Lead
• “If I Wanted America To Fail” Video Goes Viral
• Markets In Everything: Professional Hitchhikers
• Home Retail Group Takes Dividends Off Display

Stock Indices Looking Toppy Ahead Of Non-farm Payrolls Report Posted: 04 May 2012 07:45 AM PDT Friday, May 4, 2012 Prior to the jobs report, a look at the daily chart for the E-mini S&P 500 futures suggests that the price rally that started at the October 2011 low may be starting to lose some of its momentum. This could be potentially explosive should we see non-farm payrolls fall far short of expectations, similar to the March report. Some traders who are considering establishing a bearish position or hedging an existing long position may perhaps wish to explore the purchase of an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

May 4, 2012: Unemployment Report Review Posted: 04 May 2012 07:20 AM PDT When it comes to discussing the unemployment rate in our nation today, I am often reminded of a discussion we would facetiously have on the trading desk at First Boston back in the mid-1980s.  That discussion would revolve around our desk manager inquiring as to our weekly P and L (profit and loss). I can recall these humorous exchanges as if they were yesterday. Manager: "So, LD, what's your P and L this week? " LD: "Well, what do you need?"  Manager: "Well, let's see, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Top 5 Stocks Most Extended From 200d SMA Scan For May Posted: 04 May 2012 06:54 AM PDT Which stocks are most over or under-extended from their 200 day simple moving average? Let's take a look at the current scan results and the opportunities these stocks may present. First, here are the most 'bullishly over-extended' stocks in the S&P 500: This scan returns the percentage distance above or below the 200 day Simple Moving Average as a quick measure of trend strength or price over-extension. When you're looking at these stocks, eliminate those which have a sudden or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Friday Morning Links Posted: 04 May 2012 06:20 AM PDT 1.  Oregon veneer plant has a significant pickup in hiring. There’s a new optimism in the Northwest veneer and plywood industry that hasn’t been there for 3 years. 2. Las Vegas-area home sales rose to the highest level for the month of March in 6 years.  3. Former Walmart Associate: I Worked at Walmart for Two Years and I Actually Really Liked It. 4.  Private Buses Will Now Need a Permit To Drive Into New York City. 5. Hyundai to hire 877 workers and add a third shift at its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manufacturing Job Gains Continue To Lead Posted: 04 May 2012 06:04 AM PDT Here are some highlights from today’s BLS employment release: 1. Manufacturing employment increased by 16,000 in April, following gains of 37,000 in March, 31,000 in February and 52,000 in January, for a year-to-date factory job gain of 136,000. 2. More than 17% of U.S. job growth this year has been in manufacturing, even though that sector represents less than 9% of total payrolls.  3. The jobless rate for the manufacturing sector fell from 7.6% in March to 6.9% in April (not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“If I Wanted America To Fail” Video Goes Viral Posted: 04 May 2012 05:12 AM PDT This video from FreeMarketAmerica.org has gone viral with almost 2 million views on YouTube.  The video and one of its creators, Ryan Houck, were featured last night on John Stossel’s program:   Watch the latest video at <a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Professional Hitchhikers Posted: 04 May 2012 05:01 AM PDT “Jakarta’s carpooling laws were meant to ease traffic jams. Instead, they have spawned an industry of professional hitchhikers who help drivers comply with highway rules — for a fee. Hundreds of men, women and children line the main arteries of the Indonesian capital every weekday, offering to ride in private vehicles during rush hours, when cars are obliged to carry at least three passengers on key stretches. The “jockeys” — as they are known — do not stick out their thumbs like typical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Home Retail Group Takes Dividends Off Display Posted: 03 May 2012 11:51 PM PDT Home Retail (LON:HOME), the FTSE 250 company behind two of Britain's best known retail chains, Argos and Homebase, saw profits fall by 60 percent to £102 million last year. For anyone in any doubt, the figures reinforced the fact that many retailers are still encountering torrid conditions on the High Street… but the problems for Home Retail run deeper than that.  What's the story?  Home Retail's 2012 prelims were not pretty. Sales at Argos (which account for 80 percent of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610