Outlook 03/05: U.S. stock futures move higher after the Labor Department reported that non-farm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January. Despite the gain, the industry is still 3.5 million short of its employment level from a year ago, just before the worst of the pandemic.
/ESH21 Value: YVAH 3810 YPOC 3770 YVAL 3721 GAP 3772.25
/ES Plan: Yesterday market closed balanced and bimodal (LIS 3784) , but overnight looks more bullish after jobs report , still moving within yesterday's value, so these are the initial balance options for today:
A) If market moves above LIS YVAH 3810 with bullish internals, buy towards HVEs 3821-3839-3862.
B) If market moves below LIS YVAH 3810 with bearish internals, sell towards HVEs 3784-3740-3725.
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
3:00 PM Fed's Bostic Speech
Follow updates using TweetDeck. Primary twitter language is English.
Follow the market news or listen to the order flow via FinancialJuice.
Questions via twitter direct message (RTH) or email (After Close).
