Randy'sTradingDesk: October 04, 2013- Stocks Look to Edge Higher with a Caution on US Shutdown

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Friday, October 4, 2013

October 04, 2013- Stocks Look to Edge Higher with a Caution on US Shutdown

The sentiment on Wall Street suggests that stocks may fight to break free off the lackluster phase engendered by the U.S. budgetary crisis. The major U.S. index futures point to a slightly higher opening on Friday. With the release of the monthly non-farm payrolls report being delayed due to the ongoing government shutdown, the markets could closely track discussions among lawmakers in Washington and a few Fed speeches scheduled for the day. The Dow futures are rising by 28 points, the S&P 500 futures are moving up 4.40 points and the Nasdaq 100 futures are adding 11 points. U.S. stocks declined for the second straight day on Thursday amid anxiety concerning the budgetary deadlock and U.S. debt ceiling. On the economic front, Dallas Federal Reserve Bank President Richard Fisher is scheduled to speak on the economy in Little Rock, Arkansas at 8:30 am ET. Federal Reserve Governor Jeremy Stein will speak on tri-party repo at a New York Fed conference on fire sales at 9:30 am ET. Richmond Federal Reserve Bank President Jeffrey Lacker is due to speak on human capital investment in Baltimore at 12:30 pm ET. Minneapolis Federal Reserve Bank Narayana Kocherlakota is scheduled to speak on the monetary policy in Bloomington, Minnesota at 1:45 pm ET.

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randystradingdesk@gmail.com

Successful Trading requires:
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Why Does He Provide the Service

What I have found out about myself is that I am really successful when working with a team and when it is all about me I tend to get lazy. If it were not for leading an investment team, this model would not have developed to the degree of accuracy and efficiency that it is today. It's about being accountable to others that encourages the weekly analysis used in refining this system and always looking for ways to streamline even further by investigating technology solutions that automate what is considered routine. As a result, we are able to take advantage of a refined system while offering it to a limited group of investors.

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Limited Time or Knowledge
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