Thursday, September 1, 2011

9/1/11 Trade Results: $505 Profit: Gov Jobs Report tomorrow (8:30am)

Done trading for the day. Had a few positions in the afternoon session. Ended with a profit of $175 for the afternoon. On the day, finished with a profit of $505. I am waiting for the Gov. jobs report tomorrow to initiate a longer term position trade. Going into the early morning, this is the consensus:

Economists expect the number to have risen 75,000 in August, according to a Reuters poll, after gaining 117,000 in the previous month. The unemployment rate is seen steady at 9.1 percent. 

The report is at 8:30am, so the morning will be all research and analysis until the release. Following the release, I will be looking for conviction from buyers or sellers to take a position. Enjoy the rest of the day!
   

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