[TA DAILY] GDP

GDP = Gross Domestic Product, and it will be great for all of us...uhh, if the government says its OK.   VIEW ONLINE         UPCOMING EVENTS     Larry's Morning Commentary GDP     GDP = Gross Domestic Product, and it will be great for all of us...uhh, if the government says its OK. A few headlines as it happened live... FED SAYS WINTER SLOWDOWN PARTLY REFLECTS `TRANSITORY FACTORS' FED SEES MODERATE GROWTH, JOB GAINS EVEN AFTER 1Q SLOWDOWN Heavy weather and the strong dollar took their toll on first-quarter GDP which, at only plus 0.2 percent, came in at the very low end of the Econoday consensus. This compares with an already soft fourth quarter which is unrevised at plus 2.2 percent. Exports were the heaviest drag on the first quarter reflecting the strong dollar's effect on foreign demand. The heavy weather of the quarter contributed to an outright contraction in business spending (nonresidential fixed investment) and an abrupt slowing in consumer spending (personal consumption expenditures). Price data, reflecting lower energy prices, are soft with the GDP price index at minus 0.1 percent vs the Econoday consensus for plus 0.5 percent. Prices were also soft in the fourth quarter at an unrevised plus 0.1 percent. Details include an unwanted surge in inventories tied to lower demand and also possibly to shipment constraints tied to the quarter's West Coast port strike. Imports, likely limited by the port strike, did pull down GDP but to a much lesser extent than the prior quarter (imports are a subtraction in the GDP calculation). Federal Reserve policy makers, in this afternoon's FOMC statement, may downplay first-quarter weakness as temporary. Nevertheless, the complete lack of punch underway in early second-quarter indicators, together with the softness of the fourth quarter when there were no special factors not to mention the lack of inflationary pressures in the economy, offer plenty of fuel for the doves at the Fed who want to hold off the first signals of a rate increase.   Birds...Doves...Hawks...Do any of us know what they're doing?  A few perhaps, but I think the balance are just wanna-bees.           Trade well and follow the trend, not the perma-bull OR perma-bear "experts."   Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia. Read Past Issues of Larry's Morning Commentary     It was a bit wild in the markets today. The major averages were volatile due to the very weak GDP report out premarket, then the FOMC meeting announcement in the afternoon. While they did not hike rates, they did leave the public in the dark....   Read More       TECHNICAL DATA ES 2103.50/2096.50 POC 2102.00 YM 17,996/17,932 NQ 4498.25/4473.25     We spoke yesterday about how trading options in your IRA​ with "limited" margin​ can give you greater flexibility. Today let's examine a vertical bull put spread (selling a put spread) to see the advantage when you obtain the higher trading authority "limited" margining affords you...   Read More     Watch how our instructors call out live signals, answer questions, provide detailed commentary and compare notes with fellow students. Our live classrooms offer training on all markets - where you can watch the exact techniques our top instructors use with simple, yet complete explanations of every move they make in real time. 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