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David Cornes holds a degree in economics from the University of Montana.

As for the European crisis, the new Greek Prime Minister, Samaras, is supposed to
explain how he and his government are going to deal with Greece’s massive debt to
Parliament today. The debate will last three days and will hopefully yield a problem
solving solution.

Moving back to the U.S, the Employment Situation was announced this morning
and nonfarm payrolls are up 90,000 while the unemployment rate stayed at 8.2%.
Average hourly earnings were up 0.2% and the average workweek stayed at 34.4
hours.

While the employment report did not bring any horrible news the stock market is
down today with the S&P 500 down 0.47%, 10-year treasuries are down 0.62% and
oil is down 1.88%. The only increase was with the dollar, it was up 0.05% at the
open.

Make sure to check out our first exclusive webinar this Sunday, July 8 th for a 90min
session with Andrew Keene!

Follow us on Twitter for stock updates and trades, @keeneonmarket!

Another day, another slow day as we wait for the Jobs Report tomorrow. This is now the 8th straight day were the intraday movement in the S and P 500 Futures were small and tight. What was a mover and shaker today? AAPL surging past the $600 level and traded to almost $613. The biggest dropper today, the Euro getting crushed and I covered part of my Short position, but I still remain short it.

I think the market is very overbought, but it can continue to climb higher longer than I can stay in business, so if I am trading counter trend I want to make sure that I get a great risk vs reward set-up. Have a great night and see everyone tomorrow.

The Nexus 7 is supposed to be the iPad’s biggest competition but in my mind nothing can even come close to the iPad. The iPad has retina display, 4G capability and top of the line applications. And while the Nexus 7 does use Jelly Bean, which is Google’s latest version of Android, it does not have 3G or a rear camera. As for the Kindle Fire, the tablet cannot create art, music or edit photos and spreadsheets as the iPad can. Putting both tablets in a separate market from the iPad.

But that’s exactly what Google wanted. To grab the market share that cannot afford Apple’s $499 price tag on the iPad. So lets compare the Nexus 7 and Kindle Fire. For starters the Kindle Fire only comes in the 8GB form, there is no 16GB option like there is with the Nexus 7. The Nexus 7 also boasts a front camera and a higher resolution screen than the Fire. And thanks to being a Google product the Nexus also has a greater app selection and storage.

Between the apps, front camera and storage ability the Kindle Fire unfortunately is put into a distant last choice for the tablet market. The Fire is a good choice for those who had the original Kindle, like the format and don’t have a lot of data. But customers who want the full package and are not loyal to Kindle than the Nexus is by far the best choice if the iPad is not in the price range. If the iPod is in the price range than by all means join the millions of other Apple users and learn for yourself why the brand has created such a cult following.

S&P 500 futures were trading at 136.75 down 3.25 points, NASDAQ futures were up 5.75 points at 2647.25, and Dow Jones Industrial Average futures fell 9 points and trading at 12858.00.

David Cornes holds a degree in economics from the University of Montana.

Last night and this morning, the Euro fell against the dollar after the ECB cut its rates to new lows, along with strong U.S. economic data. This decline in the value of the Euro relative to the dollar comes after a rollercoaster ride over the past few weeks,  starting with a decline in EUR/USD after Greek elections indicated that Greeks would stay in the Euro-Zone, followed sharp increase in value after European leaders hinted at agreements on how to recapitalize endangered Euro banks.  In my opinion the Euro is headed down to at least $1.15 by the end of the summer after markets realize that Europe is not as healthy as people think.

David Cornes holds a degree in economics from the University of Montana.