Tuesday, December 7, 2010

Today's Calendar

Tuesday, December 07, 2010

Economic
10:00 US Dec IBD/TIPP Economic Optimism
11:30 US Treasury's 4-week bill auction
13:00 US Treasury's 3-yr note auction
15:00 US Oct Consumer Credit1
16:30 API Crude Oil/Gasoline/Distillate Inventories

Events NVLS and TXN mid quarter updates after the close.  07:45 ICSC/UBSW Chain Store Sales.  08:55 Redbook Retail Sales. ABC Consumer Confidence. Trades Ex-dividend: BBD $0.316, FTR $0.188, MPW $0.20, WR $0.31.

EarningsBefore the Open: AHCI, AZO, LDR, LAYN, TLB, TTC, MTN. After the Close: AVAV, CASY, COO, HRB, MW, MIND.

Monday, December 6, 2010

http://myemail.constantcontact.com/Bernanke-Admits-to-a-possible-QE3---S-P-Futures-off-4-at-the-1220-levle.html?soid=1103251461788&aid=pqvUzAcQ7Z4

http://myemail.constantcontact.com/Bernanke-Admits-to-a-possible-QE3---S-P-Futures-off-4-at-the-1220-levle.html?soid=1103251461788&aid=pqvUzAcQ7Z4

Today's Calender

Monday, December 06, 2010

Economic
11:30 US Treasury's 3- and 6-month bill auction

Events
13:00 Fed's Lacker speaks on economic outlook. UBS Media and Communications Conference. FIS, MET investor days.

Trades Ex-dividend: AEE $0.385, GES $0.20, NEM $0.15, PEG $0.343, RGC $0.18, WRI $0.26.

Earnings
After the Close: PBY

Friday, December 3, 2010

Free advice from Jon Blaze to one of the traders in the Juggernaut Room

 JonBlaze: john, i just read your question regarding letting a position go negative on you. here are my thoughts on it, which are slightly different than ben's.  bear in mind, ben's approach to stops as a news trader is inherently different b/c if he's right in his initial assessment a position won't go against him. at all. here's my approach:  before i enter a position i quantify my risk and my potential reward. if  the risk/reward ratio is acceptable, at least 2:1 but preferably 4:1+, then i'll place the trade and hold until my targets are achieved or i get stopped. one or the other. i.e. if i'm risking 50 cents to make 2 bucks, and i'm up 20 cents on the trade i don't consider myself "up on the trade" and don't obsess over the potential "loss of profit" if i go negative b/c the trade is nowhere near doing anything for me yet.  you have to let your trades work. respect your stops, but be patient and view everything in the context of the risk reward parameters you establish b4 u enter.

http://myemail.constantcontact.com/Unemployment-Rate-9-8---vs-9-6--est--S-P-Futures-coming-off-sharply-with-air-below.html?soid=1103251461788&aid=j73T2fvHl8k

http://myemail.constantcontact.com/Unemployment-Rate-9-8---vs-9-6--est--S-P-Futures-coming-off-sharply-with-air-below.html?soid=1103251461788&aid=j73T2fvHl8k

Today's Calender

Friday, December 03, 2010

Economic

08:30 US Nov Nonfarm Payrolls, Unemployment Rate, Manufacturing Payrolls, Private Payrolls, Average Hourly Earnings
10:00 US Nov ISM Non-Manufacturing, Oct Factory OrdersEventsITW Investor Day. SON Analyst Day. Trades Ex-dividend: CTL $0.725, LTD $3.00, PX $0.45, ROST $0.16\

.EarningsBefore the Open: BIG, BTH.