Jobs Report

Outlook 02/05: U.S. stock futures rose slightly after NFP jobs report. Job growth returned to the U.S. in January, with nonfarm payrolls increasing by 49,000 while the unemployment rate fell to 6.3%. Economists had been looking for growth of 50,000 and unemployment to hold at 6.7%. Though the employment picture remains challenging, 2021 marked a return to gains after a one-month lull in December that saw the first negative number since the recovery began in May.

/ESH21 Value: YVAH 3866 YPOC 3855 YVAL 3838 GAP 3867.75

/ES Plan: Yesterday market closed bullish (PBT 3900), and overnight continues on that way, moving above previous range, so these are the initial balance options for today:

A) If market remains above LIS 3878 with bullish internals, buy towards ATH 3886.25 and PBT 3900.

B) If market moves below LIS 3878 with bearish internals, sell towards GAP 3867.75 and ONL 3860.

Note: Keep in mind that new record high has been printed overnight, so it's still pending to be revisited at regular trading hours. 

Market Movers

1:00 PM Baker-Hughes Rig Count

3:00 PM Consumer Credit

Questions via @verniman direct message (RTH) or email (After Close).

Follow alerts using TweetDeck. Primary twitter language is English. 

Follow the market news or listen to order flow via FinancialJuice.

No unauthorized reproduction of this service without permission