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Jysin

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KO basically with zero gain over the last two years after yesterday.
That's amateur hour.

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Jysin

Ahn'Qiraj Raider
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Payroll numbers coming in huge. +336k vs 170k expected.

08:39(US) Fed futures currently price 1st FOMC rate cut in Sept 2024 v June 2024 before US jobs report
 

Sanrith Descartes

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Wow - This analyst says markets dont believe the "official" numbers being fed to us. Fancy that. He must read FOH.



ps.. missed by buy order on the S&P by 11 cents.

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Big Phoenix

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So then why did they believe jolts?

The market certainly freaked out over that.
 
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Mist

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"I don't believe the jobs report," he said as he stepped out of a Chick-fil-a staffed by twenty 16-year-olds making $17 an hour.
 

Blazin

Creative Title
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Why is it market bears who are always the most upset about these reports?

If we want to play the why game Avg Hourly wage seems more impactful in todays number than the headline.

We have broke through the downtrend on the hourly chart . Rally really spread out last few hours. Maybe we hit critical mass of people posting 1987 correlation charts on twitter.
 
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Daidraco

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So the losses today are really just the market in general? Every real estate stock I have is holding steady. But Verizon is the lowest its ever been. I could be retarded, but I feel like throwing more into the stock?
 

Sanrith Descartes

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Why is it market bears who are always the most upset about these reports?

If we want to play the why game Avg Hourly wage seems more impactful in todays number than the headline.

We have broke through the downtrend on the hourly chart . Rally really spread out last few hours. Maybe we hit critical mass of people posting 1987 correlation charts on twitter.
My 2 cents. We have been having the SPY lows being pretty steady and the 200-DMA rising into them. My hunch is we got close enough for the programmed buys to kick in and "to the moon" we go. I obviously cut my limit order to buy too close as usual. I really gotta get better at that.

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Gravel

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So you're saying you think we'll slowly keep bouncing up as the 200-DMA inches higher, as the older data drops off?
 

Sanrith Descartes

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So you're saying you think we'll slowly keep bouncing up as the 200-DMA inches higher, as the older data drops off?
The 100 and 200 DMA are still trending upwards and the 50 is slowing its downward trend. In my amateur opinion, I believe there will programmed buying at the 200-DMA as long as the 200 and 100 stay trending upwards. If the 50 can turn up also then I believe there is support for the index to begin moving higher to test resistance above.

I could be totally wrong but this is how I am playing my money (with limit orders at the 200 to add to my position).
 
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Sanrith Descartes

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If anyone is looking for something different, there are currently 4 different couponed Treasuries with maturities 20+ years out that are all yielding over 5.1%

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