Holidays

Today most markets…almost all markets were closed….but maybe one of the most important trading days of the year. March non-farm payrolls came in at 120K, (ie added 120K jobs in March), Street expected 205K. BIG MISS. Big enough for apple to lose some points next week……

With the market selling off slightly these past few weeks, this will for sure take it down some more going to next week. There was a 45 minute time frame to trade from 8:30-9:15 where equity futures were open, in that time Dow futures down over 100, S&P down over 10…..rumors of QE3 already on the Street, even though the Fed released its minutes from its meeting over a month ago saying it has no intention of doing so unless economy takes a big hit, ie stock market drops around 15-20%........never underestimate wall St.….maybe no more 4 years for Obama?

Well time to get the holidays on

Chag Sameach to all, next year hope to be trading in Jerusalem…….