Pre-Market News And Views for April 1st 2011

Pre-Market News And Views for April 1st 2011

The S&P 500 e-mini futures(ES M1) are trading higher this morning by 7.75 to 1328.75 per contract. The futures started to ramp up higher around 2:00 am EST as the Shanghai Index(China) rallied sharply higher last night. The stock market rally continues to live on and no one should be surprised as the markets have shot straight up since the March 16, 2011 correction low. The Department of Labor reported a gain of 216,000 jobs for the month of March. Analysts had expected just 185,000 jobs reported. When do the analysts ever get it right and who can really believe these reports? The reaction from the market is really all that matters when you are a trader.

WTI oil is trading higher again this morning by 0.66 cents to $107.42 a barrel. Most traders and investors would think that high oil would be a negative for the stock markets, however, that has not been the case as oil and the stock markets have actually been rallying higher together. At some point something will have to give. Until that time oil continues to approach its 52 week high which is $108.25 a barrel. The United States Oil Fund(NYSE:USO) is trading higher by 0.30 cents to $42.90 a share. The United States Gasoline Fund(NYSE:UGA) is trading higher by 0.03 cents to $50.39 a share which is a new 52 week high. The average price of gasoline at the pump in the U.S. is now $3.60 a gallon and that is up 0.80 cents from a year ago.

Every morning we talk about the Middle East and North Africa. This morning nothing has really changed yet. There is a rumor that rebel forces will agree to a cease fire if Gaddafi agrees to stop his military forces and allow peaceful protests. Stranger things have happened I suppose but this one is hard to believe. The United States has said that they will not put U.S. troops on the ground. We shall see about that one. Other nations in turmoil are Bahrain, Yemen, Egypt, and Syria.

The U.S. Dollar Index is actually catching a strong bid higher this morning. The positive job news should cause the U.S. Dollar to strengthen and help to increase the yields on the 10 year T-Note. Yesterday, a Minneapolis Federal Reserve member said that the Fed funds rate may need to increase by 0.75 basis points by the end of the year. We shall see if these guys are serious or if they are just sending out more rumors to try and help their agenda as gold and silver make new highs. Remember gold and silver are a central banks worst enemy when you are in the business of creating paper or electronic money. Gold and silver are trading sharply lower this morning on the back of the stronger U.S. Dollar.

Nicholas Santiago

InTheMoneyStocks.com

POST COMMENT

Gbp Members Review-Gbp Members Scam Geld Tut Gut Review-Geld Tut Gut Scam Gentle Horse Training Review-Gentle Horse Training Scam Geny Rockstars Review-Geny Rockstars Scam Get Box Score Review-Get Box Score Scam Getin Online Review-Getin Online Scam Macro Millionaire Coaching Program and Trading Service Global Market Comments for April 1,2011 Getexback Pro Review-Getexback Pro Scam Get Paid For Photos Review-Get Paid For Photos Scam Get Poker eBook Review-Get Poker eBook Scam Gideon Shalwick Partners Review-Gideon Shalwick Partners Scam Gingivitis Killer Review-Gingivitis Killer Scam Global Site Submissions Review-Global Site Submissions Scam