Seeking Alpha

John Mylant's  Instablog

John Mylant
Send Message
Residing in Colorado Springs, Colorado. Has been trading and coaching using a self-developed option trading system for 10 years. Philosophically conservative, accurately trades weekly options with a strong risk management approach. Well sought after by investors around the world, he teaches a... More
My company:
OptionsWeekly.Org
My blog:
mylantsmoneyblog.typ...
  • ETF SPY: Job Report A Bit Down Go Markets! 0 comments
    May 4, 2012 8:46 AM | about stocks: SPA

    Friday's Trading news!

    Unemployment seen steady at 8.2%. Nonfarm payroll data for April is due out this morning, with economists expecting that the figure climbed by 165,000 following a 120,000 gain in March, and that unemployment stayed steady at 8.2%. CNNMoney notes that the rate would be over 11% if the 6M who say they want to work but haven't looked a job in the last four weeks were to start applying again.(click to enlarge)

    Markets were on edge Friday ahead of crucial U.S. jobs figures and weekend elections in France and Greece that could have a big bearing on how Europe's debt crisis plays out over the coming months.

    Before the elections, investors have the monthly U.S. government jobs report to digest. It often sets the market tone for a week or two after its release as it's considered the key barometer of the health of the world's largest economy.

    Employers decreased hiring for the second straight month in April but the unemployment rate still fell to 8.1 percent, giving mixed messages about the economy's strength ahead of President Barack Obama's November re-election bid.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: S P 500, ETF Stocks: SPA
Back To John Mylant's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • FYI: In this environment it is advisable to take some money off the table.
    Mar 12, 2014
  • FYI: Deflation in Europe-- Greece and Cyprus are already witnessing relentlessly falling prices.
    Mar 12, 2014
  • FYI: Recall, caused by problems with the ignition and linked to 13 deaths, took place almost a decade after GM became aware of the issue.
    Mar 12, 2014
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.