Financial Press Review

7/2/2009

Yesterday, we noted that today's scheduled release of the June jobs report might have a market moving impact. This is exactly what happened, as the news of sizable job losses in June had an immediate and strong impact, driving the major indexes sharply lower. The US employment rate reached a 26-year high, with the current jobless rate now at 9.5% (up 0.1% from May). Whereas the increase in the unemployment rate was relatively slim, it was the extent of additional job losses that startled and spooked investors. According to the Labor Department, the US economy lost 467,000 jobs in June, a number that far exceeds the 363,000 job losses economists had been projecting.

Because the jobs report is one of the most closely watched economic data releases, today's dour news from the employment front put a damper on investor optimism. In recent months, investors have become more positive about the pace of the US economic recovery, as some positive 'green shoots' have been seen emerging in areas such as housing and manufacturing. Today's employment data shows however that the US economy is still struggling. Consumers who lose their jobs are unlikely to lead the country out of recession. Some market observers believe the recent market rally has no solid fundamental underpinnings and is unlikely to continue for that reason.

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Key economic data for the week starting June 22nd, 2009. Numbers shown are consensus estimates (market anticipates this value) and prior value.

Friday:
	US Markets Closed

© HGH Associated Press

News History

Articles by Category

6/26/2009 - S&P 500 30-day chart - Plus 7.5% in a month on the S&P 500 index by trading SBV charts. This week SBV chart example is based on the 30-day SBV(20) S&P 500 chart and is a continuation of previous 30-day S&P 500 chart example on June 5, 2009 where the last signal on June 20, 2009 was "Sell"....

6/19/2009 - Trading System for S&P 500 Index - This week SBV chart example is based on the 30-day SBV(20) S&P 500 chart and is a continuation of previous 30-day S&P 500 chart example on June 5, 2009....

6/12/2009 - S&P 500 15-day Chart - This week SBV chart example is based on the 15-day SBV(16) S&P 500 chart: plus 5% on the S&P 500 in 2 weeks....

6/5/2009 - Simple S&P 500 Trading System - This week SBV chart example is a continuation of previous example where the last signal on May 28, 2009 was "Buy". +6% on the S&P 500 in a month. ...

5/29/2009 - Simple Trading System - This week SBV chart example is based on the 30-day SBV(20) S&P 500 chart and is a continuation of previous 60-day S&P 500 chart example on May 22, 2009....

5/22/2009 - S&P 500 chart - This week SBV chart example is based on the 30-day SBV(20) S&P 500 chart....

5/15/2009 - S&P 500 chart Analysis - This week SBV chart example is based on the 10-day (1 bar = 10 minutes) SBV(16) S&P 500 chart....

5/8/2009 - S&P 500 Trading - This week SBV chart example is based on the 10-day (1 bar = 10 minutes) SBV(16) S&P 500 chart....

5/1/2009 - SBV Trading System - This week SBV chart example is based on the 10-day (1 bar = 10 minutes) SBV(16) S&P 500 chart....

4/24/2009 - Nasdaq 100 Trading System - ...

4/17/2009 - Simple Trading System - This week SBV chart example is a continuation of previous 60-day S&P 500 chart example on April 9, 2009. This week SBV chart example is based on the SBV(20) S&P 500 charts. +11% in 2 months on the S&P 500 ...

4/9/2009 - SP 500 Simple Trading - Plus 12% in 2 months on the S&P 500 trading by using simple SBV trading system....

4/3/2009 - Trading Different Charts - 60-day chart is longer-term chart, furthermore it generates less trading signals than 15-day chart. Timeframe choice completely depends on the personal trading style - how many trades a trader wants to execute, how long he/she willing to stay in the position, etc....

3/27/2009 - SP 500 Chart Example - +18% in 2 weeks on S&P 500 Recovery. This week SBV chart example is a continuation of previous example on March 20, 2009. ...

3/20/2009 - SBV SP 500 Chart Example - +6% in 2 weeks on S&P 500. This week SBV chart example is a continuation of previous example on March 13, 2009. This week SBV chart example is based on the 15-day SBV(16) S&P 500 chart. ...

3/13/2009 - SP 500 Technical Analysis - This week SBV chart example is a continuation of previous example on March 6, 2009 - SBV could be used in Bear and Bull Markets ...

3/6/2009 - SP 500 SBV Analysis - +11% on the S&P 500 in 2 weeks. This week SBV chart example is based on the 15-day SBV(16) S&P 500 chart. ...

2/27/2009 - Simple SBV Trading System - This week SBV chart example is based on the 15-day SBV(16) S&P 500 chart: +6% on the S&P 500 in 2 weeks ...

2/20/2009 - Hourly Trading System - Stop trading and put your system on test to see if the signals are generated when it's too late constantly or this is just a single exception;...

2/13/2009 - Mutiple Charts Technical Analysis - If you compare 60-day SBV(20) with 60-day SBV(16) you will see that the performance of the SBV(20) has become strongly negative starting from January 26, 2009. Already by February 3, 2009 you may see tendency of the system based on the SBV(20) to generate signals when it's too late (trend is already reversed)....

2/6/2009 - SBV Technical Analysis - Plus 7% on the S&P 500 in 2 weeks by using simple SBV trading system based on volume technical analysis....

1/30/2009 - Nasdaq 100 Trading System - This week SBV chart example is based on the 5-day SBV(20) NASDAQ 100 chart....

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