Outlook 09/06: U.S. stock futures are up 0.3% after Jobs Report, holding on to this week's big advance. Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday. The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected.
/ESU19 Value: YVAH 2983 YPOC 2976 YVAL 2969 GAP 2972
/ES Plan: Yesterday market closed leaving a bullish imbalance (PBT 3014) but overnight looks balanced after jobs report, moving above yesterday's value, so these're today's options:
A) If market remains above LIS YVAH 2983 with bullish internals, buy towards ONH 2988.25 HVE Tariffs SoC 3006 and PBT 3014.
B) If market moves below LIS 2983 with bearish internals, sell towards GAP 2972 ONL 2970.25 HVE 2948 GAP 2939 and HVE 2937.
Quotes: “If you can’t take a small loss, sooner or later you will take the mother of all losses.” Ed Seykota
Today's Economic Calendar
10:00 Quarterly Services Report
12:30 PM Jerome Powell Speech
01:00 PM Baker-Hughes Rig Count
Questions via @verniman direct message (RTH) or email (After Close).
Follow RTH updates using TweetDeck alerts
