Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways To Play: Lots of Economic Data, None of It Good


Strengthen your portfolio in good times and bad.


Economic Data

The Institute for Supply Management will report numbers for its factory index this morning at 10:00 EST. According to Bloomberg, economists are expecting manufacturing activity in the US to decline at the fastest pace in 26 years. Last month, the factory index fell to 37, compared with a reading of 38.9 in October. Under 50 signals a contraction.

Meanwhile, a separate report from the Commerce Department could show that construction spending fell 1% in October, which could mark the tenth decline in 13 months.

For context on the economy, see Professor Satyajit Das' The Grand Illusion of Global Liquidity.

From the Bull Pen: Bulls can look to the Gold Shares ETF (GLD). Is it a play off of its 50 DMA? Sell stops can be set 2 points from entry.

From the Bear Cave
: Keep in mind December has traditionally been a positive month for equities, so stocks remain skewed to the upside. But bears looking for a downside play can consider AT&T (T) near $30. If and when it reaches that level.

Quick Check Around the World

Asian trading closed with the Hang Seng 1.59%, Nikkei -1.35%, Sensex -2.78%, Taiwan 1.30% and Shanghai 1.25%.

Glancing towards Europe, we see the CAC -2.85%, DAX -3.15%, FTSE -2.74%

As of 8:10 a.m. EST, S&P futures are trading -22 to 873, and Nasdaq futures are -24 to 1162.

A Look At Commodities

Crude oil is trading -2.82 to 51.62. Gold is -25 to 790.50. Silver is -0.375 to 9.810 and copper is -0.950 to 161.40.

The dollar index is +0.412 to 86.929.

On the Radar


10:00 ISM Manufacturing
10:00 ISM Prices Paid
10:00 Construction Spending MoM

Click here for the full trading radar.

Welcome back! Good luck and have a great week!

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos