Pick The Dow

[bazanster2]

BG,DG,

Was out for the count yesterday on continuing computer problems.
All systems go today.
Market spend most of the day in negative territory but finished slightly up.

Today news:

"A negative tone persists in premarket trading.
Second quarter nonfarm productivity increased 4.3%, though economists predicted a 3.5% upturn.
The prior reading was unrevised to show a 2.2% increase. Unit labor costs were down 0.5%,
while the prior reading was left at a 1.3% increase. Jobless claims for the week ending August 30
were up 15,000 from the prior week to 444,000 claims. They were expected to come in at 420,000."


ISM Services 10:00am(Eastern)

Going with DOWN on Thursday,

gl,

baz

[Bostongambler]

Bad Bad Retail


-344.65

[Bostongambler]

Down on Friday.

[bazanster2]

BG,DG,


Sept. 5 (Bloomberg) -- U.S. stock-index futures extended declines after employers cut more jobs
than economists had forecast in August, sending the unemployment rate to a five-year high.
General Motors Corp., United Technologies Corp. and Home Depot Inc. all retreated more than
1 percent after the government said payrolls shrank by 84,000 jobs in August, more than the
75,000 projected by economists in a Bloomberg survey.

08:30 am : S&P futures vs fair value: -13.70. Nasdaq futures vs fair value: -17.80

Not seing much incentive to go long today, at least oil is going down too.
Going with DOWN on Friday,

have a great "NFL" weekend ,

gl,

baz

[drunkguy]

crazy week

[Bostongambler]

Down on Monday.


why not

[drunkguy]

gotta be down

[bazanster2]

BG,DG,


"Futures rally on hopes that the credit market turmoil will ease after the
U.S. government placed Fannie Mae (FNM) and Freddie Mac (FRE) under conservatorship.
The Treasury will provide as much as $200 billion in the companies.
Some of the biggest financial names are spiking on the news; Citigroup (C) is up 12%,
Bank of America (BAC) is up 9% and JPMorgan Chase (JPM) is up 5.7%.

Not really good news for the US Taxpayer. The full extend of the problems are as of yet unknown?
The way these things generally go, the losses will be much worse then expected.

Should be a big rally today, going with UP on Monday.
Hurricane Ike hitting Cuba and we should see higher oil prices as Ike approaches the US.

gl,

baz

[Bostongambler]

+289

The bailouts did it.

[bazanster2]

BG,DG,


Going to go with the Market giving a little of Monday´s gains back.
Down on Tueday.

gl,

baz

[Bostongambler]

I see it the same way Baz. Down on Tues.

[Bostongambler]

-280.01

[Bostongambler]

Down on Hump Day.

[bazanster2]

BG,DG,

Lehman to cloud stocks again
Futures pull back from highs after brokerage announces
a nearly $4 billion quarterly loss.
.........................................
Gasoline prices jump 1.6 cents, rising for the first time in 10 days,
as Hurrican Ike bears down on the Lone Star state.
.........................................
Uncle Sam: $407 billion in the hole
Deficit up by $246 billion in a year. Federal agency cites 'substantial increase in
spending' and 'halt' in tax revenue growth.
Also says it will add Fannie and Freddie to future estimates
.........................................

Not a lot of good news headlines going into the trading session.
Going with DOWN on Hump Day,

gl,
baz

[Bostongambler]

+38.19

[Bostongambler]

Down on thurs.

[bazanster2]

BG,DG,

It was a swing and a miss on yesterday´s Market call.

The July Trade Deficit was 62.2 Billion.
Economist had expect 58.8 Billions.
Futures very negative.
Going with DOWN on Thursday.

The Minerals Management Service (MMS), which tracks offshore operations,
estimated that 452 of the 717 manned production platforms - about 63% -
remained evacuated in the wake of Gustav, which struck off the coast of Louisiana earlier this month.
About 95.9% of oil production in the region had been shut down, according to MMS, citing energy company reports.

Despite this "Oil prices fell Thursday, testing a 5-month low, as the market remained
focused on the stronger dollar and slumping demand."

gl,

baz

[Bostongambler]

+164.79

[Bostongambler]

Down on Friday.