Ever doubted that globalization could have any effect on domestic trading in the US? Well, today definitely proves how fears of slower growth overseas, a rise in the dollar against the Euro, fall in oil prices and dive in commodities can have an effect in your portfolio and trading plans. So what does this all really mean for our traders on Updown.com? more risks? more opportunities to get into the market while stocks are cheap after a few sharp declines today?

With such commodities as silver falling over 20% in value today since its high point last Friday, copper falling more than 7% and oil finally settling below the $100 a barrel mark, what is Friday going to be like for you? Word on the street has it that the job report, which will be released at 8:30 AM EST by the Labor Department, will have fewer jobs added as compared to March. Why? Most speculators place the blame on higher oil prices which theoretically mean lower consumer expenditures and less need for labor. Could that really have an impact on jobs though or is it the uncertainty from overseas instability in oil rich countries? Perhaps it’s both!

So what should you, as an UpDown trader, be looking forward to and asking yourself as the job report is released tomorrow morning? Well here are a few questions that David Leonhardt feels you should ask NOW! Click here for link to the article by David.

1. Has the recent economic slowdown led to a slowdown in job growth?
2. Has the crisis in Japan affected employment in this country?
3. Are the cutbacks by local and state governments becoming more severe – or perhaps less so?
4. What does the length of the work week say about business executive’s state of mind?
5. Do the statistical details in the report offer reason for optimism?

Why not take it one step further and compare the data to the Consumer Confidence levels. Do they match or is one telling a different story than the other. Do the two offer any reason to move into the market or leave? Hope the day goes well for our traders on UpDown.com. Happy Cinco de Mayo everyone! GO PRO!

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- The UpDown.com Team

This entry was posted on Thursday, May 5th, 2011 at 11:14 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.