Friday, November 6, 2009

Jobs

The jobs number came out this morning and it was nothing to write home about. It came in a little worse then expected with a new unemployment rate of 10.2%. Over the recession till now the actual loss of jobs has been improving. I think its more about job creation then less jobs lost this month. Even with this number coming out this morning I still believe 1100 is the next stop.

Below I have two trade ideas.

Wheat has a great chart building and I think a great area is around 501.00 to get long with a call spread of just long the future.

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