Bill Cara’s Blog for Apr 6, 2012
CTA Trading Desk Morning Report
[8:45am ET] Good morning, Geoff here.
Employment data was disappointing this morning as 120,000 jobs were added for the month of March. That is the lowest in 5 months and missed the expectations of 205,000.
This will probably bring talk of a new QE program on the heels of the Fed suggesting that one is not needed.
Immediately, S&P futures were hit, dropping over 1% in 15 minues. Bonds and gold rallied.
Like I said yesterday, releasing this number on a holiday was the wrong thing to do. Event risk was the reason why risk mitigation was necessary and why we took that route this week.
Hope you are not sitting super long this weekend with no access to the markets.
Have a great holiday weekend!
Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.
|Symbol||Name||Last Trade||Change||Related Info|
||19.00 (0.93%)||Components, Chart, More|
||19.00 (0.84%)||Components, Chart, More|
||6.34 (0.19%)||Chart, More|
||8.80 (0.13%)||Components, Chart, More|
||1.62 (0.52%)||Chart, More|
|^OSEAX||OSE All Share||476.62
||5.16 (1.07%)||Components, Chart, More|
||1.55 (0.47%)||Components, Chart, More|
||3.30 (0.05%)||Components, Chart, More|
||19.90 (0.35%)||Components, Chart, More|
||5.30 (0.57%)||Chart, More|
||1.28 (0.08%)||Chart, More|
|GD.AT||Athex Composite Share Price Index||707.60
||3.66 (0.52%)||Chart, More|
The team will check in during the day, reporting in the Discourse when there is a new entry.
Enjoy your day.
Cara on Trends & Cycles
Vad’s Catch of the Day
Kaimu’s Sound Money
CTA Trading Desk Mid-Day Report
CTA Trading Desk Post-Close Report