Yesterday I wrote that the new low could be secure, I was wrong. Today the Unemployment number was better than expected but traders are selling US stocks taking the indexes to a new low today. The question is: Would the next unemployment number be better than this one? The market is selling and the next
Sp500 and Nasdaq are negative again after the drop overnight in Asian markets and new political events in the US. The new economic data is morning was positive which helped to reduce the pressure on the market. At this time the indexes are negative today. Tomorrow, we have option expiration. Weekly Jobless Claims came at
Jobs Report Non-farm Private Payrolls came at 156K vs. 170K consensus. Unemployment Rate came at 4.6% vs. 4.8% consensus. Average Work Week came at 34.4 vs. 34.4 consensus. Hourly Earnings came at -0.1% vs. +0.2% consensus. The report, not too hot and not too cold. The Rate Hike After this report, consensus is approaching 100% for
The September jobs report is due to be released tomorrow morning. This could move the markets so we are waiting for this data point before making any medium term decisions. Technically, we are neither overbought nor oversold so we would like to see some direction before making a move. Tomorrow most likely we will break
The first Presidential debate between Hillary Clinton and Donald Trump is scheduled for September 26. I came to the conclusion that: The markets are trading as though Clinton has already won. As of this writing, polls have been narrowing in Trump’s favor. The consensus is that Clinton will win the debate. For Clinton to win
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