Home About Millennium Forum Guide to Services Trial Subscribe Member Login
Live chat by Boldchat

Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Chart Settings
Triple Access
Double Access
Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Market Commentary
Economic Calendar
Weekly MarketNews
Trader Tips
Market Alerts
Stocks Chat Room
Futures Chat Room
Forex Chat Room
Options Chat Room
Penny Stocks Chat Room Trading Rooms
Performance Tracking
Other Services
General Information
Stocks
Futures
Forex
Options
Penny's
FREE e-Book
Taking Day Trading
by Storm


Get into the basics on how to become a Professional Day Trader!

more info...







Layoffs Strike Lowest Level for 2012
Layoffs Strike Lowest Level for 2012

Outplacement consultancy Challenger, Gray & Christmas reported Thursday, layoffs announced in July - led by the financial sector - declined 2% from June to nearly 37,000, striking lowest level this year but, layoff plans may increase in coming months. "The situation in Europe is far from being resolved and ongoing weakness here could continue to take a toll on the financial sector," said John Challenger, chief executive. "Employers may be in a pre-election holding pattern. Historically, the fourth quarter tends to be the heaviest job cutting period of the year," Challenger said. July's layoffs plans were down 45% from prior year.

The Commerce Department reported on Thursday that the number of people who filed applications for unemployment benefits rose by 8,000 last week to a seasonally adjusted 365,000. The four-week claims average, which is a more stable barometer of labor-market trends and reduces seasonal volatility in the weekly data, dropped 2,750 to 365,500, the lowest level since late March. Continuing claims decreased by 19,000 to a seasonally adjusted 3.27 million in the week ended July 21. Nearly 5.96 million people received some form of state or federal benefit in the week ended July 14, down 69,672 from the prior week.

During the trading session on Thursday, Facebook Inc. (FB) shares fell below $20, hitting a record low for the third consecutive day. By mid-afternoon on Thursday, Facebook shares were down 5% and trading in range of $19.90 per share.

Shares of Yelp, Inc. (YELP) were hosting an 18% gain into mid-afternoon trading on Thursday, just a day after reporting better then expected results.

Knight Capital Group Inc. (KCG)  shares got another smack down on Thursday, lower by 59% into late afternoon trading after the market-making firm reported on Thursday they it had suffered a pretax loss of $440 million after it exited its entire erroneous trade position. On Wednesday morning, Knight’s trading software was hit by a glitch which resulted in Knight sending numerous erroneous orders in NYSE-listed securities into the market.

Abercrombie & Fitch Co. (ANF) shares were lower by 13% into mid-afternoon trading on Thursday after the clothing retailer projected Q2 earnings would come in below analyst estimates and that same-store sales in the quarter fell 10%.

The International Monetary Fund's executive board said on Thursday that the Federal Reserve has room to ease monetary policy should the outlook deteriorate but, a number of directors raised doubts that another substantial bond-purchase plan would work. "A number of [IMF] directors observed that the effectiveness of additional monetary policy easing could be limited in the prevailing very low interest rate environment," the statement said. The IMF's executive board released the statement after annual talks between the international financial agency and the U.S. government. Many emerging market governments have criticized the Fed's quantitative easing, saying it only served to drive down the dollar's exchange rate. The IMF staff said further easing may weaken the dollar further but, would have positive spillover from strengthening the U.S. economy and hedging against downside risks.

On Thursday as expected, European Central Bank left its main refinancing rate unchanged at 0.75%. Last month, the ECB cut the rate by a quarter of a percentage point to its current level, a record low.

In his monthly news conference in Frankfurt on Thursday, European Central Bank President Mario Draghi said that the ECB may undertake additional "outright open market operations" and governments should stand ready to unveil rescue funds to buy government bonds. Draghi stopped short of identifying specific new measures to tackle Europe's debt crisis. At an investment conference in London last week, Draghi pledged that the ECB was ready to do "whatever it takes" within its mandate to preserve the euro although he declined to fully elaborate on his pledge. Draghi, Europe's top banker, said no countries in the euro zone had asked for support from the European Financial Stability Facility, the region's rescue fund, and that there wasn't ground to take action anyway. "There has not been one word about these remarks [the pledge in London] that should be a surprise," Draghi said. "In my statement in London you will find the words 'within our mandate' several times," he said. Separately, Draghi said that it is "crucial that efforts are maintained to restore sound fiscal positions."


You can track the call performance of our moderators from inside our live Trading Rooms throughout the trading day by following us on Twitter.  Also join us on Facebook.

One week trial to our Day Trading Rooms for stocks, futures and forex plus, Weekly Swing Trades for stocks. Professional Training Programs available for stocks, futures and forex traders.

Stocks trading calls focus on NYSE, NASDAQ and AMEX. Futures trading calls focus on YM, NQ and ES. Forex trading calls based on New York trading session focus on GBPUSD, USDCAD, USDJPY, EURUSD, GBPJPY, USDCHF, EURJPY, EURAUD, AUDJPY, CHFJPY, EURCAD, GBPCAD and AUDUSD.

Detailed historic performance available on our Market Commentary section.

Monthly Trading Lesson provides new trading subject every month.

Opt-in to our free Weekly Market News sent via email, first trading day of the week. Includes recap of markets from previous week as well as active stocks plus, see what is ahead for the upcoming trading week.

Register now for our Free Chat Rooms - penny stocks, options, stocks, futures and forex! Chat with other traders during off-peak market hours.



Aug 2, 2012


Top of the page


   

Performance
Stocks Trading Room
Total for Year
Last Week
$70,240.00
$0.00
Futures Trading Room
Total for Year
Last Week
$85,270.50
$0.00
Forex Trading Room
Total for Year
Last Week
$251,937.90
$0.00
Options Trading Room
Total for Year
Last Week
$145,900.00
$0.00
empty
Total for Year
Last Week
$0.00
$0.00
News & Commentary

Forex Day Trading Room Performance for May 6, 2016

Futures Day Trading Room Performance for May 6, 2016

Forex Day Trading Room Performance for May 5, 2016

Futures Day Trading Room Performance for May 5, 2016

Stocks Day Trading Room Performance for May 5, 2016

Forex Day Trading Room Performance for May 4, 2016

Futures Day Trading Room Performance for May 4, 2016

Forex Day Trading Room Performance for May 3, 2016

Futures Day Trading Room Performance for May 3, 2016

Stocks Day Trading Room Performance for May 3, 2016


News & Commentary

Monthly Trading Lesson


RSS Feed...
subscribe by
clicking on above

Social Networks...
subscribe by
clicking Icons below