Showing posts with label Wheat Futures. Show all posts
Showing posts with label Wheat Futures. Show all posts

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.