Friday, January 9, 2009

Unemployment and Notes

The unemployment data was released pretty much near median estimates and probably a relief that it wasn't worse.

Stocks and interest rate products are a little higher.  There is a sell signal in ten year notes at 125'16 with a 10 tick risk and an initial objective to 124'28.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results