Employment

Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Household spending has continued to grow strongly, while

My Swing Trading Approach This has been a cautious week for me, especially due to the lack of continuity among the sectors on a day-to-day basis and the holiday right in the middle of the trading week. Once we get past the employment report this morning, and direction becomes better known, I may look to

Today’s rally is strong, and finally pushed price through the 50-day moving average.  When I saw the jobs number this morning, and how much it blew out the expectations, I very much expected when I turned my head back towards the monitors to see what the futures were doing in reaction to it, that they

My Swing Trading Approach I will look to earn 1-2 new positions to the portfolio today on market strength today.  Indicators

Missile Strikes, Employment and the Stock Market Yesterday SPX bounced off of that 50-day moving average but overnight you had some pretty intense news coming out of Washington that they launched missiles into Syria. You can find the details everywhere about the strike, but how that affects the market is that initially the market traded

Technical Outlook: Yes, for an 8th straight day, the S&P 500 (SPX) sold off. The expectation of a bounce is strong here, and quite surprising we haven’t even seen any significant attempts at it yet.  Last time SPX was down 8 straight days was in 2008. The most troubling aspect of this decline is how light it

Technical Outlook: Another sell-off yesterday, another ramp into the close. This time the bulls wiped out 15 points in losses on S&P 500 (SPX) to close the day flat.  As a trader, this is not the kind of market environment that you want where price simply reverts to the mean. You want trendlines and chart patterns.

Technical Outlook: Extremely tight range doji candle on the S&P 500 (SPX) yesterday. SPX only finished 0.02% higher.  Price is wedged between the rising 20-day moving average and the 5 and 10-day moving averages overhead for the past 3 trading sessions.  Non-Farm Payrolls report (employment) comes out today. Last time, the market soared following a

Technical Outlook: SPX tested last Friday’s highs and failed to break through, instead resulting in selling thereafter. Ultimately the trading session resulted in sideways price action.  The bulls again exhibited their inability to do anything with price above 2100, but unwillingness to allow price to fall from it either.  The end of day ramp job