Today´s Market July 05, 2013

NDX0507

The NDX 100 traded higher in the pre-market until the NFP came out, initializing a decline to the 2933 level. It appears as if the market was going to stay in its lows but  instead it traded upwards recouping earlier losses and closing 1.04% positive. The Non Farm Payroll came in higher than expected but the unemployment rate at 7.6% was higher, thus causing an erratic day in the markets. At current levels we prefer short positions. On the energy front, WTI closed strongly at 103.35 due to continued geopolitical issues in Egypt and Libia. We believe there is approximately a 5 USD premium in oil prices, thus we prefer short positions.

Today´s Profit USD 220  (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

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