Already Focused on the Jobs Report!

by Larry Levin

Today I was a little bit off with my prediction. On CNBC this morning I told Becky Quick that I believed we would continue higher today.

We really did just the opposite and slowly moved lower all day. That's the way it goes for a trader sometimes. I'm not going to be right all the time, but there is one important key for me:

When I'm wrong I always, always, always, keep my risk small! Most unsuccessful traders do the opposite.

So what is the market expecting? Well everyone is already focused on what the Employment Report is going to look like and it doesn't even come out until Friday. But it is true that it's an important piece of data for us to look at.

Don't be surprised if this market rallies off of that news on Friday. The trend is up and I believe it will continue for at least a little while. And most likely we will continue to get good economic data!

Real Time Trading Signals* for:

Trade Date: 10/03/07

E-Mini S&P Trades*
(before fees and commissions):

9:16 FT Sell 51.50 = +.75, -1.00

10:01 VA BUy 53.75 = +.75, +1.00

12:30 ENG Buy 51.75 = -.75 all

12:44 id va Buy 50.00 = -1.50 all

2:11 OTF Sell 50.25 = -1.50 all

E-Mini Russell Trades*
(before fees and commissions):

1) Sell @ 8:32am at 834.0 = +.3, -1.1, -1.1

2) Buy @ 8:36am at 834.0 = +.4, b/e, -.4

3) Sell @ 9:08am at 832.1 = +.5, +.3, -.6

4) Buy @ 9:31am at 833.1 = +.5 & +1.0

5) Buy @ 9:36am at 833.1 = -.8, -.8, -.8

6) Sell @ 9:49am at 832.5 = -.8, -1.3, -1.3

7) Buy @ 10:09am at 834.0 = +.5 (1 lot)

8) Buy @ 10:12am at 833.9 = +.5, +1.0, +2.4

9) Buy @ 10:24am at 835.4 = b/e (1 lot)

10) Buy @ 12:09pm at 834.0 = -1.1, -1.1, -1.1

11) Sell @ 12:41pm at 832.9 = +.8, +1.0, +1.3

12) Sell @ 1:51pm at 829.7 = +.3, b/e, b/e

13) Sell @ 2:14pm at 832.1 = +.4, & +1.5

14) Sell @ 2:38pm at 831.2 = +2.0 (1 lot)

15) Sell @ 2:47pm at 830.5 = -.3, -.3, -1.2

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