I have learned to get out of trades (hello, “Cancel All”!) if I am not sure about what’s going on or if something seems off.  When I entered my straddle this morning for Unemployment Claims, only half of the straddle showed up on my live dome.  So I quickly hit “Cancel All” and got out.  So, no trade, no screenshot.  Turns out we have an issue with our internet connection.  Working on it!

One thing that Sean and Jason have stressed with us is to take as much of the emotion out of trading as possible.  We learn what we do, we practice it until we know it forwards and backwards and trade like machines.  So far, this advice has served me well.

There is NO way I could pay $2000 anywhere else and get the trading education I have with Market Mover Trading.  Thanks to Sean and Jason.  I don’t know where Jody and I would be without them.

Popularity: 30% [?]

We traded ADP Nonfarm Employment Change and ISM Non-Manufacturing PMI today.

First up, on ADP Nonfram emp, my order didn’t get filled.  Bummer.  It was pretty movement, too, though I caught .5 point on the correction.

So, on ISM Mon-Manufacturing PMI, I did the ‘usual’ (since Friday, haha) MMT tools that I was 9/9 on.  This time, I was bitten a bit.  I thought maybe I hadn’t been filled earlier in the day because I wasn’t fast enough with my mouse; double-clicking to set my order.  I decided to trade the second news announcement with a feature that allows me to click once to place an order.  But my clicking finger had the double click scored into its muscle memory and I ended up with TWO orders that were filled short at the bottom of a wick on an up candle.  Whoopsie!  I did keep a cool head and move my stop loss down to minimize my losses, as the fundamentals showed that the news was good and we were going way up.  I lost 1 point on each of the two contracts, but then I made a point back on the correction.  So, I ended up down $25 on the day, which is not too bad given my giant fill/click mistake.  Lesson learned with barely any pain AND I am doing very good at keeping my cool and trading without emotion.  I am still pleased with the MMT Tools, as since last Friday, I am 10/11 trades and up $575.  Cannot complain!

ISM Non-Manufacturing PMI, 8-4-10

Popularity: 31% [?]

This market is desperate.  Desperate for a glimmer of hope, a light at the end of the tunnel, politicians with brains.  Whoops!  Did I just say that last part out loud?

So, New Home Sales went up today all of 0.01 – told in millions, that’s 10,000 homes.  The teeniest of moves up.  Barely a drop in a very tired, sad, empty bucket.  But the way the markets reacted, you would have thought we had a return to, IDK, 2001!  LOL!  Okay, I love volatile news announcements, so I’ll take it, but it’s just plain weird.

New Home Sales; 7-26-2010

5 points on the initial move, 1.25 on the correction, 3 points on the similar move.  Okey-dokey, we’ll take it!!

Popularity: 26% [?]

By Joseph Plocek

WASHINGTON (MNI) – The U.S. June employment report was weak and the bright spot of a 0.2 point dip in the unemployment rate is likely to be ignored.

The June employment report had few surprises, and shows slow growth. Payrolls printed -125,000 and included -225,000 census workers and +83,000 private jobs. May-April jobs were revised +25,000 in total.

The unemployment rate fell 0.2 point to 9.5% as the labor force contracted by a huge 652,000 workers on seasonal adjustment. The unadjusted labor force advanced 901,000, and the only age group whose participation increased was age 55+.

Hours and wages (all Average Hourly Earnings fell 2 cents for +1.7% over the year) were modest, suggesting slow gains ahead in income and production.

June payrolls were mixed: manufacturing +9,000, construction -22,000, retail -6,600, transportation +14,600, financial -15,000, leisure +37,000, temp help +20,500, health +16,800.

Overall, this was not a robust report whose surprise drop in the unemployment rate reflects more discouraged workers and caution entering the workforce.

Details: Payrolls/Prior AHE,yoy Agg Hrs Civ Unempl Rt/Unrnd Jun -125k —- +1.7% 99.1 9.5% (9.5115%) May +433k +431k —– 99.0r 9.7% (9.6980%) Apr +313k +290k —– 99.0r 9.9% (9.8633%)

** Market News International Washington Bureau: (202) 371-2121 **

Popularity: 43% [?]

Asks, wicks, ticks, candlesticks…what?  When I first enrolled in Market Mover Trading, I didn’t know selling short from a fill price!  Brackets were for shelves and domes were something cakes did when you baked them, right?  RIGHT?

Pre Market Mover Trading, pictures like this made my head absolutely SPIN:

Chart Confusion? Not with MMT!

Now, that picture (my chart from earlier today) isn’t confusing at all to me!  And I am not spending hours and hours every day studying.  This knowledge comes with a couple of hours a week and just being around trading.  Mucho learning by osmosis!

I am here to tell you that you shouldn’t let lack of knowledge about these kinds of  terms  or “scary” pictures of charts be what keeps you from an education with Market Mover Trading.  Other issues might keep you from it, but it shouldn’t be either of those!

It is so empowering to watch Fast Money on CNN and know what they are talking about!

Take a look at the MMT Education Video or pop in for a Thursday night webinar and see what all the buzz is about…

Popularity: 89% [?]

Mark your calendars for June 4th!  Market Mover Trading will be at Denver Success Summit 2010.  This event is free and open to the public.

Of course, if you can’t wait until June (WHO CAN?!?), we have all kinds of informational opportunities in the meantime!  From seminars and webinars to online informational videos, you can get Market Mover Trading information in the format of *your* choosing!

Popularity: 17% [?]

We had a great time Tuesday at the Colorado Realtor Rally at the Colorado Convention Center.  Jody & I worked the booth, along with Kelly Eischen, Roland Vaughn, Kris & Stu Galbreath, Zach Huyge & Scott Goldman.  We talked to many, many interested Realtors and other folks who definitely saw the potential of Market Mover Trading.  We have several folks who have already RSVP’d for our live seminars next Tuesday with Sean Larsgard & Jason Anderson, MMT’s founders.

If you are interested, we still have some room at both times next Tuesday.

Details:  Hyatt Denver-South/Park Meadows in Lone Tree, April 20, 2010 – TWO seminar times; 12:30 pm – 1:30 pm & 6 pm – 7 pm

Popularity: 24% [?]

Nonfarm payrolls for the month of March came in lower than anticipated, rising 162k following an upwardly revised 14k decline in February. January nonfarm payrolls also saw an upward revision, and now reflects a 14k increase after coming in at a 26k decline initially. Despite the headline improvement in March, the US unemployment rate remained a 9.7% for a third consecutive month.

March nonfarm payrolls were boosted by improvements in both goods-producing and service providing sectors. Goods-producing employment came in positive for since March 2007, rising 41k over the month while construction employment also managed to edge in positive territory with a 15k increase over the month. Manufacturing employment came in higher for a third straight month, rising 17k following a 6k rise prior.

Service sector employment managed its highest total in more than a year, gaining 121k in March following a 33k increase the prior month. Retail sector employment rose 15k in March following an 8k rise in February. Employment in transportation and warehousing came in at an 8k increase for the month following a 9k decline prior.

Employment in information services was down 12k in March following a 7k decrease the previous month. Employment in financial activities was down 21k in March following a 15k decline in February. Professional and business services employment was up 11k over the month following a 40k increase prior. Employment in education and health services was up 45k over the month, while leisure and hospitality employment rose 22k.

Government employment gained 39k over the month with Federal government employment up 48k thanks entirely to hiring for the 2010 Census. Average hourly earnings for private workers dropped 0.1% to $18.90 in March, reflecting the first monthly decline since April 2003.

Keith Lobodzinski

Popularity: 15% [?]

US equity indices are higher across the board with Dow futures up 50 at 10,847, S&P futures up 5 at 1170, and Nasdaq futures up 4.5 at 1960. S&P futures are trading in the upper portion of there overnight range after encountering some resistance at the 1172 handle. The S&P contract has finished higher three of the past four days with the 9-Day moving average at 1166 representing its overnight low. Carmax is expected to announce quarterly EPS of $0.25 this morning. Auto sales figures for the US and world’s largest automakers are on tap for today.

Nearly all European market appear set for a higher close with the DJ Euro Stoxx 50 up 1%, the FTSE 100 up 0.5%The CAC 40 up 1% and the DAX up 0.85%. European debt markets are muted with the yield on the 10yr Gilt down 3bps at 3.898% and the yield on the 10yr Bund unchanged at 3.09%. Asian equities markets were generally higher going into their respective closes. The Nikkei 225 finished up 1.4% and the Hang Seng Index finished up 1.4% thanks in part to an upgrade at Goldman.

The US bond market is showing some modest early selling pressure across the curve which is being led lower by the long end. The 30yr contract is currently down 4 at 116-00 with a yield of 4.717%, the 10yr is down 3 tics at 116-04 with a yield of 3.837%, the 2yr is marginally higher at with a yield of 1.016%. Today the US Treasury will sell $21bln of 10day Cash bills. There are no major speaking engagements on tap for today, save for a speech from St. Louis Fed President Bullard this afternoon at 4:00 EST.

Challenger Job cuts for the month of March showed a 55% decline relative to the same month last year. Other US economic data today includes: Jobless claims for the week ending March 27th to be released at 8:30am, The March ISM Manufacturing Index scheduled for release at 10:00am EST, and February Construction Spending which is also scheduled for release at 10:00am EST. The market is currently forecasting tomorrow’s payroll number at a 185k increase.

Popularity: 14% [?]

Asian Equities were lower overnight w/ the NIKKEI closing down 7.20 as losses in Healthcare, Industrials, Basic Materials and the Oil and Gas Sector were nearly offset by gains in Consumer Goods and Services and in the Utilities and Financial Sector. Chinese Stocks fell more sharply with the Hang Seng off 135pts with some major stocks missing earnings estimates…raising the specter of a poor earnings season overall. Perhaps too, the emerging notion the U.S. will brand China a Currency Manipulator in it’s semi-annual International Economic and Currency Report due on 15 April.

European Equities are just in positive territory at this writing after German Employment fell 31k against expectations for a slight gain. Following on yesterday’s Irish bank implosion is poor news on the Irish Employment front with the Unemployment rate jumping to 13.4%. Irish PPI rose 1% month on month but tanked 2.6% year on year. In other troubled countries news, Greek Retail Sales were reported up 8.1% year on year vs a prior 2.7% gain. French PPI rose just .1% month on month, raising the specter of deflationary pressures.

U.S. Equity Index futures are very slightly in the red at this writing w/ Dow Futures off 9pts and the S&P off just 1.25.

The Dollar is putting in a mixed performance with losses against the EUR still contained in y/day’s ranges. A bit of short covering on the dollar seems the likely cause rather than any sentiment change. CABLE however is over y/day’s highs w/ a big leg up as yield chasers jump into GBP/JPY. JPY is in fact weakening against the EUR, AUD and USD into this morning’s U.S. Open.

U.S. Treasury Futures up slightly at the long end of the curve w/ the 30yr up 6 ticks and the 10yr up just a couple of ticks at 116-00 basis the June contract. The 2 and 5yr are flat at this writing. The 30yr yield is down very slightly at 4.737%, the 10yr is at 3.853% and the 2/10 is at 2.798 w/ as the recent downward slope levels off. Today’s Treasury schedule is limited to a Cash Management Bill, the size of which is yet to be determined.

Commodities prices are higher into the NY Open with Crude up over $83 per barrel ahead of today’s DOE inventories report. API reported a smaller than expected build last night. Gold is up nearly $6 at $1111 and change on dollar weakness.

Today’s data includes MBA Mortgage Applications which were up 1.3%. Of particular interest will be today’s ADP Employment data at 8:15am EST with expectations for a gain fully built into equities prices. ADP is expected to gain 40k jobs. Chicago PMI is at 9:45am and February Factory Orders are at 10am. Also at 10am, NAPM Milwaukee.

Today’s speakers include the Fed’s Lockhart and Duke at 12:30pm EST.

Popularity: 16% [?]