Jobs Report on Friday

The jobs report for how unemployment is doing in the US economy will come out this Friday.  It's going to be a very significant report following the good report from the manufacturing sector on Monday that shot stocks sky high to begin the year.

Many analysts believe the jobs report will be positive and may even show a jobs growth for the month of December 2009.  It would be the first signs of job growth in two years.  If that happens, there will be certainly a stock market frenzy.  Investors have been waiting for this moment.

If you trade indexes or sector ETF's, I would buy right now and sell it off by the end of next week.  I can almost guarantee there will be a buying frenzy on Friday if it is a positive report.  If the jobs report is disappointing, you can keep the shares and wait for the next big psychological boost.

The market has pent up energy to buy and is waiting for a good excuse.  If it's not this time around, it will come soon I'm sure with one of the upcoming reports.  I tend to think the market's reaction to Monday's manufacturing report was an over reaction, but I believe it's being sustained by the market's expectation and high hopes for Friday's all important jobs report.

If you're into forex trading, you should open up a free forex demo account and try trading the USD for this Friday's report.  If the jobs report is good, the USD forex market will decline dramatically.  But as traders and investors realize their over reaction, the forex market will correct itself by mid-next week.

*By the way, I am not an investment adviser and I am not giving trading or investment advice of any kind.  By using this website you acknowledge that all your trading and investing decisions are completely your own and that any losses that are incurred are your own as of no result of this website.