Today the SPX ended negative. However, U.S. private sector job growth recorded its biggest increase in more than a year in February amid a surge in construction and factory hiring, suggesting the economy remains on solid ground despite an apparent further slowdown in the first quarter.
R OPTION AND R OPTION MINI
Some of you have asked me when is the next trade for R Option and RO Mini. The system’s main driver is Volume Delta on SPX and NDX (Futures) and mayor stocks, thus if there is not enough buying pressure, I will not add new positions. “R Option and Mini” ‘s patience is a virtue built-in which is have prevented me to give money away to brokers. Trading fees are carefully considered when I traded.
The number of Americans filing for unemployment benefits is expected to have risen 12,000 to a seasonally adjusted 235,000 for the week ended March 4 after it fell to a near 44-year-low in the week ended Feb. 25. Meanwhile, the Labor Department issues import and export prices for February. Import and export prices are expected to have increased 0.1 percent and 0.2 percent respectively. The report showed import prices rose 0.4 percent in January, while export prices edged up 0.1 percent for the month. Another report from global outplacement consultancy Challenger, Gray & Christmas will show the number of job cuts for February. U.S. employers announced 45,934 job cuts in January, a 37 percent jump from December and the largest number of cuts since April 2016.