US stocks certainly reacted on Thursday to the fact that data shows more people than expected lost their jobs.

The total was 467,000 non-farm employees that found themselves jobless. This is 100,000 more than projected. As with anything we need to put this into perspective and realize this only rose a small amount reaching 9.5%, which is the highest since 1983.

There were 614,000 jobless Americans that suffered this indignity for the first time. This is certainly an indicator of the current state of the economy and unemployment.

The market turns on events and has been trading lower as investors attempt to anticipate future figures. Citigroup fell a full percent to $2.94 while Wells Fargo was down 1.2 percent to $23.85.

An hour into trading the S&P 500 index was down 2 per cent with the Dow falling 1.8 per cent and Nasdaq Composite down2.2 per cent.

America will shortly being celebrating its independence and some investors may have left the market till next week.

Energy fell as crude continued its decline falling an additional $2.52.

Commodities also felt the sting amid a fairly wide sell-off with God trading down and some mining stocks being extremely volatile.

Airlines were flying both high and low with Morgan Stanley reviewing it’s ratings on the biggies with a special nod to Continental stating it was a likely survivor from the fallout.

Lear confirms Chapter 11 and Johnson Controls suffers from fears of unemployment effecting new car purchases and that is certainly a possibility.

Johnson & Johnson was down after committing $1 billion to new Elan equity in exchange for an 18.4 share in the company.

Europe may be half a world away but Wall Street has a long reach and says those stocks down early with Eurofirst losing 2.2 percent. And from the other side of the planet, Asian equities closed higher with Shanghail Composite up 1.7 percent, setting a new 13 month record.

Bond yields were down with the 2 year Tnote falling 5 basis points (below the 1% mark to 0.99%), not being completely gloomy the 10 year T note was 3bps up at 3.508%

And just in time for our independence day, the dollar was strong against major currencies, gaining 1% against the euro to $1.4009

Good Morning all,

Wow!!!

My alert from last night ICRD sure opened well today. The stock has a high of .14 cents so far today which is a price gain of 100%.

This is the perfect time to talk about a trading lesson. Please learn this and keep it in mind as you trade my picks.

Its called the 9:45 pullback and it happens almost like clock work on all stocks that open strong. Did you notice on our stock this morning the stock went straight up from the open till about 9:50? Then the stock began to pull back.  Here is what happens.  Market makers are often caught off guard on a stock that opens strong.  They are in the business of filling orders for their clients who are the brokerage firms who have placed orders with them on behalf of their retail clients.(you) During a quick run up like this the market makers are often caught short. This is a short position caused by filling orders to their clients and typically not a short because they have an ax to grind with the company and think its going lower. What happens is these market makers earn their living
filling orders for their client firms.

They want to give their client firms the best executions possible so that they continue to come back and leave orders with them so even if they don’t have
stock in hand to sell them they do so anyways to keep their client happy. Sooner or later these market makers need to cover their short position created in this early morning run up so what they tend to do about 9:45 or so is begin to lean on the stock a bit.

This causes the run to slow down and even reverse. For example in our stock this morning this happened when they stock hit .14 cents. Lets say for example that a market maker was short 100,000 shares at an average price of .12 cents. He wants to do what he can to cover his short position lower than .12 cents so he can break even or make a few bucks. Well when they lean on it and it heads lower this will often shake out what we call the weak hands. These are the people who don’t have the stomach to watch a down turn and end up puking their stock up to the market makers. Did you notice how the market makers took our stock down from .14 to .11 cents? Many people probably thought this was the end and sold their positions to the eagerly awaiting market maker who was short at .12 and needed to cover. Once the market makers have covered their short they usually let it breath again and the stock heads back up. The 9:45 pullback often lasts about 15-20 minutes.

What we need to watch after this pullback is if the market makers have shaken everyone to the point that the buying slows down so much that it wont get back to its highs. If this appears to be the case you may want to take your money and run. The more you trade these stocks the better the feel you will get for this and it will become a valuable tool for you.

I hope you found this helpful. Please drop me a note at info@whisperfromwallstreet.com and let me know if you would like me to include more trading tactics like this from time to time. As always never be afraid to ask me any questions you may have about trading or any stock you may be in. I will do the best I can to
help you.

Good Investing,

WhisperfromWallStreet.com

Barack Obama swearing in.

I’m back at my desk now, after having watched (now president) Barack Obama give his inaugural speech. It was invigorating and statistics say it was among the most watched inaugurals in history.

The sheer logistics involved with setting up…

- 20+ jumbotrons.
- 5,000 port-a-potties.
- 10,000 National Guard troops.

is staggering to imagine.  Like most I’m wondering what the coming days and weeks will bring to America and the market in general.  Speaking for us at WhisperFromWallStreet, we’re excited about what the coming quarter will bring and the opportunities that will be presented in the penny stock arena.

And while there are many who stated they had expected a smaller inauguration, especially in light of the war in Iraq and the current state of the economy, I believe it was important to send a message to the world saying America is ready, willing and able to move forward, with our economy and the “Transfer of Power”.

This indeed is a time a change, our new president promises change for America, and I want to offer change to the investing community.  It is our pledge at WhisperFromWallStreet to become the nation’s number one penny stock newsletter, and we won’t do this by resting on our laurels, only by hard work and finding the companies that are just beginning their run.

Making money with penny stocks isn’t difficult, not if you have the right information and timing.  We can and will furnish our members with both.  The information we gleam is from over 700 contacts with financial newsletter, websites and individuals who collectively have their finger on the nation’s financial pulse.

While no one (not even our new president) can be right 100% of the time, with the right information and timing, the odds can be placed on our side of the table.  We do this by keeping in contact with the movers and shakers of the industry and learning which companies are about to “break”, then inform our readers of same.  When these penny stock alerts come to your in-box, this is your signal to move and move fast, taking the proverbial bull by the horns and taking control of your financial destiny.  Barack Obama is poised and ready to bring change to America; we are poised and ready to bring success to our members.

If you haven’t already read our two free books…

1. The 1500+ stocks that rose up to 25% in a single day
2. How You Can Profit From Knowing In Advance Which Penny Stocks Will Run

I encourage you to join our free e-mail alert list, these book will then immediately be sent to you.

In the coming days, weeks and month, the presidency and truth of Barack Obama will be carefully scrutinized and rightly so, the truth that we speak of can immediately be delivered to your in-box by joining our list.

Mr. President, I wish you success and stamina for the coming trials.  For our members and future members, I wish you wealth, health and success.

Rahn -Staff