Thursday, December 6, 2007

Unemployment Friday

For Friday:

If there is one report a month (besides Fed announcements) to watch out for - it is Unemployment Situation. Big News - and this one will have a significant impact of the Fed game plan for being "flexible" concerning national economic policy.

Do not try to fade the moves upon release of the report - trade with the volume if you must - if you are new to trading wait until the markets settle down - there will be PLENTY of opportunity tomorrow.

Friday Reports:
Employment Situation 8:30ET

Consumer Sentiment 10:00ET
Consumer Credit 3:00ET

Volume Driven Support and Resistance for Friday, Dec 7th -



"A day which will live in infamy." FDR. (please take a moment to remember our fallen shipmates)