By William Trent, CFA of Stock Market Beat
The jobs report is out, and receiving a fairly warm welcome. Economy adds 132,000 jobs – Yahoo! News:
The U.S. economy added a stronger-than-forecast 132,000 jobs in November, the government reported on Friday, though the unemployment rate edged up slightly from October.
The thing is, 132,000 is still well within the margin of error. The charts below give a good idea of the overall trend.
Still looks like a slowdown to us.
The author may hold a position in the securities discussed. The author’s current holdings are as follows: Long: FedEx (FDX) put options; Intuit (INTU) put options; Nasdaq 100 (QQQQ) put options; Bookham (BKHM; Ballard Power (BLDP); Syntax Brillian (BRLC); CMGI (CMGI); Genentech (DNA); Ion Media Networks (ION); Lion’s Gate (LGF); Three Five Systems (TFS); Adobe Systems (ADBE) call options; IShares Japan (EWJ); StreetTracks Gold (GLD); Starbucks (SBUX); U.S. Oil Fund (USO); Plantronics (PLT) call options; Short: Ceradyne (CRDN) put options; Lion’s Gate (LGF) call options; Dell (DELL) put options; Plantronics (PLT) put options
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