Friday, September 3, 2010
Keep the home-builders on your radar
Leading home-builder stocks such as Toll Brothers(TOL), Lennar (LEN), and D.R. Horton Inc (DHI) all advanced higher over the past two weeks of trading. These stocks have now entered an overbought area and look primed for short term profit taking. When these stock pull back they will lead any declines in the major stock indexes. Keep watch, next week should be light again but many major moves are nearing.
Short Entry
Jonathan is shorting AMZN At $137.25. He will be taking half of his 100% position at this level, and buy the second half should it go higher. Swing trade expected duration.
Nonfarm Payrolls Numbers Out
Futures rally higher on the report. Oil trading flat. Dollar down slightly. Gold Down pre market.
August Nonfarm Payrolls - down 54,000.
Private Nonfarm Payrolls for August - rises 67,000
Unemployment Rate for August - reports in at 9.6%
August Hourly Earnings - Up 0.3%
Average Workweek for August - remained 34.2 hours
August factory workweek - Increased to 40.2 hours
Thursday, September 2, 2010
Insider Report - 9/2/10
Today, Thursday the 2nd of September the markets traded with some of the lightest volume of the year. This however, comes as no surprise. Most people are now awaiting the highly anticipated government jobs report for August. While many await this number and the markets will react, we simply cannot take these numbers as 100% fact. These numbers are not fully representative of the overall picture, all we need to do is place ourselves on the right side of the trade as the markets will react. If you must trade this tape the wise thing to do is wait for the reaction, then trade it. Typically we will see a large move in either direction, this initial move is never the smart money. Therefore, remember this saying, the first move is ALWAYS the wrong move. If we see a quick, fast move to the down side this can present a quick long scalp opportunity however, this is not for everyone, only those with quick fingers and stops which they abide by. Next week will continue the light volume action with the Labor Day holiday hangover and the Rosh Hashanah holiday. These two weeks are the time when the executives/top traders/managers take vacation and the junior squad takes the mound. Therefore, based on this simple fact it is often difficult to put too much belief into this rally – although we will not completely dismiss the action.
Looking forward to Friday, the trading action should look much like today. After the first two hours of the trading session the volume will deteriorate. This is the environment were the amateur will get into a trade out of boredom. Restrain yourself, the key to winning in trading and investing is waiting for the right moment to pounce, when numerous factors are in your favor, then and only then you take a trade. Another excellent shorting inflection point will be here very soon, this is the moment to make big money. You need to be prepared for the move once this light volume action passes. The S&P 500 index will have first resistance 1103, and 1117. The most relevant support levels for the S&P 500 Index will be 1084 and 1052. Remember, light volume action typically represents moves higher in the markets therefore you must be cognizant of this fact. Bottom line, many of my readers want action, action, action but you need to realize something very important; there is no get rich quick in the markets, you NEED to express patience, have your capital free and wait for the right opportunity. In the past during this time of year I would never look at a stock, even when I was managing and advising those controlling billions. This is important because it is exactly what is occurring around you right now. Once my good ol' comrades return from their weeks of decadence we will resume taking profits hand over fist. For now, tomorrows key points on oil are.... GET THE REST OF THE INSIDER NEWSLETTER BY SIGNING UP FOR OUR FREE TRIAL NOW.
Looking forward to Friday, the trading action should look much like today. After the first two hours of the trading session the volume will deteriorate. This is the environment were the amateur will get into a trade out of boredom. Restrain yourself, the key to winning in trading and investing is waiting for the right moment to pounce, when numerous factors are in your favor, then and only then you take a trade. Another excellent shorting inflection point will be here very soon, this is the moment to make big money. You need to be prepared for the move once this light volume action passes. The S&P 500 index will have first resistance 1103, and 1117. The most relevant support levels for the S&P 500 Index will be 1084 and 1052. Remember, light volume action typically represents moves higher in the markets therefore you must be cognizant of this fact. Bottom line, many of my readers want action, action, action but you need to realize something very important; there is no get rich quick in the markets, you NEED to express patience, have your capital free and wait for the right opportunity. In the past during this time of year I would never look at a stock, even when I was managing and advising those controlling billions. This is important because it is exactly what is occurring around you right now. Once my good ol' comrades return from their weeks of decadence we will resume taking profits hand over fist. For now, tomorrows key points on oil are.... GET THE REST OF THE INSIDER NEWSLETTER BY SIGNING UP FOR OUR FREE TRIAL NOW.
Become an Insider
Jonathan Patro, a true stock market insider with over 20 years experience on Wall Street, trading and managing money for some of the most highly sought after private funds, and consulting for major institutions. For many years his talent was kept under wraps, horded by those with enough money to pay for it. During the start of the current financial turmoil Jonathan advised his clients to exit the markets, enter cash, short real estate, and financial stocks. Many listened, few did not. Those few who failed to adhere to the expert opinion of whom they trusted for decades, are no longer in existence today and many have walked away from the devastation they caused. We are delighted to bring this incredible talent, Jonathan Patro, to the public today. Based on Jonathan's personal distaste for the industry and those who control and utilize the economy as their own personal greed driven puppet has encouraged him to step out from behind the scenes and help the public. He will now reveal to the public his most coveted analysis, tools, and market guidance which has made him and those he worked for billions.
In Jonathan's own words, “I have become thoroughly disgusted with individuals who have claimed to be my peers. I have made these individuals billions over past decades, they listened to my every word, always followed my advice. Only when my attempts at stifling their enormous greed failed, I knew the game was coming to an end – for the time being. The same individuals who knowingly continued practices which they were fully aware would have dire consequences on the general public, yet continued to feed their personal greed and exploit the system without regard – this mentality I cannot associate with any longer. I have since stepped out of the world of secrets, manipulating markets, and greed. Today my efforts will consist of empowering the average investor, supplying them with the fighting chance they need to succeed against these heartless, greed driven giants.”
The Stock Market Insider, Jonathan Patro invites you to join him as he enlightens the average investor/trader and guides subscribers to the path of making money, profiting from the games and manipulation played by the big boys!
Sign Up Now, supply your email address and each night you will receive Jonathan's money making Insider Report.
Begin to find your edge now!
In Jonathan's own words, “I have become thoroughly disgusted with individuals who have claimed to be my peers. I have made these individuals billions over past decades, they listened to my every word, always followed my advice. Only when my attempts at stifling their enormous greed failed, I knew the game was coming to an end – for the time being. The same individuals who knowingly continued practices which they were fully aware would have dire consequences on the general public, yet continued to feed their personal greed and exploit the system without regard – this mentality I cannot associate with any longer. I have since stepped out of the world of secrets, manipulating markets, and greed. Today my efforts will consist of empowering the average investor, supplying them with the fighting chance they need to succeed against these heartless, greed driven giants.”
The Stock Market Insider, Jonathan Patro invites you to join him as he enlightens the average investor/trader and guides subscribers to the path of making money, profiting from the games and manipulation played by the big boys!
Sign Up Now, supply your email address and each night you will receive Jonathan's money making Insider Report.
Begin to find your edge now!
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