US Non Farm Payroll – Looking at 213k Jobs If My Calculation Proves Right…
Posted by admin in Comments and Feedback, Events and Advertisements, Financial News, Futures Pick, Kelvin's True Life Trading Stories, Market AnalysisGood Morning Readers,
Likely to see slow movement this morning as traders will be looking around to see who makes the first move as tonight, we will have the Mother of all Indicators… the US Non Farm Payroll… this number will give us an insight that whether Obama is likely to retain his presidency in the White House in 2012 or we will be seeing a new face soon… this is the latest statistics and forecast by many top analysts…
Credit Suisse economist Jonathan Basile raised his payrolls estimate Wednesday to a total 170,000 nonfarm payrolls from 130,000.
Deutsche Bank raised its forecast to 150,000 from 125,000,
Capital Economics was reported to have raised its expectation to 140,000 from 100,000.
Goldman Sachs Thursday raised its forecast to 125,000 from 100,000 non farm payrolls, based on this week’s data.
Four weeks down downside and literally any analysts and experts invited on National TV or Financial Programs… were calling for more trouble to come… Recession, Debt Default, Downgrades and Bankruptcy were on everyone’s lips…. but as expected…. within days…a 100 S&P points reversal to the upside later, the same but now giddy strategists and other assorted Street fortune tellers rushed to upgrade equity outlooks.
These people never make it too easy for the public, is it?
For us, at V3Go Academy, we make things very easy with our reading of the Chart… We are the only school that coach people to read and draw the chart from Right to Left instead… and we are looking at BULL since last week.
We are sighting the HK Market to hit 19,500 (now at 18,900s), DOW to test 12,400 (closed at 12020) and STI (now at 2745) to touch 2820 by end of next week. Crude should be testing US$103.50 level. (now at US$100)
Reason? Because our BOLD Prediction is that we are looking at 213,000 jobs creation instead… This is literally off the charts and a cool 60k more than everyone’s favorite bull from Deutsche Bank. Nothing would and could surprise us more… or less.
All eyes will be looking at the screen from 3pm (1500hr SIN Time) onwards… for now… we are just queuing at much lower prices (support levels) to purchase for the time being…
More reports at 1500hr onwards…
Kelvin Han
V3Go Chief Trainer
1100hr

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