Non Farm Payroll & Unemployment Rate To Make Or Break The Market πͺ
58% gain from taking calls and puts within 60 mins from open on Thursday. Day trading can be rewarding if we manage our risk and keep our position sizing in check.
β οΈ Trading tips: Looking at QQQ calls above 359.3 and puts below 357.59 on Friday. Letβs trade the NFP news and keep it green to enjoy the weekend!
Get ready for action after much consolidation
Among the data investors will scrutinize are the non-farm payrolls (NFPs), which serve as an indicator of the rate of new job creation during the month. This data point, along with inflation, holds significant sway over the Federal Reserveβs decision-making process on interest rates.
Investors are anticipating a decline in NFPs from 187,000 in August to 170,000 in September. Such a figure would represent a softening from the prevailing trend of monthly new job additions, which has averaged 194,000 over the past six months and 257,000 over the course of the past year.
In addition to the NFPs, investors will be closely monitoring the unemployment rate, which is expected to decrease from 3.8% to 3.7%, and the year-on-year increase in hourly wages, forecasted to remain stable at 4.3%.
Watch the Treasury yields too
The employment market report holds the power to exert a profound influence on markets. Should the NFPs surpass expectations and hourly wages demonstrate a stable or higher-than-expected uptick, concerns about further interest rate hikes may escalate.
Conversely, a more pronounced cooling in the labor market could lead market participants to anticipate that the Federal Reserve will maintain its current stance, at least until the upcoming meeting.
As it stands, market-implied probabilities assign an 80% likelihood to the Federal Reserve keeping interest rates unchanged at the Nov. 1 meeting.
Buy call
Buy call 1
Buy put
Buy call 2
Technology stocks are highly sensitive to Federal Reserve rate expectations, and as witnessed recently, rising Treasury yields have had a detrimental impact on the performance of the Nasdaq 100. Bulls of QQQ are hoping for a weaker-than-expected NFPs report.
The Bureau of Labor Statistics will release the highly-anticipated September jobs report on Friday at 8:30 am.
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NVDA is on pace to end this week solidly in the $455++ level on the protracted and relentless climb back to revisit and exceed its highs of the year, my esteemed investing brethren!
Just need futes to rip for good entry on puts. Enough of this gap down and drift up please
Index basically treaded water funny. AAPL pumped like a junkies stomach well MSFT NVDA meta same truck
market bounces on nfp, whether it's hot or cold
Rough times folks :(
Might be some selling into TSLA nflx reports. AAPL bottom seems to be 175 apx but they will use it MSFT to support any red candles. Itβs 25% of index. AAPL have to get 178-180 plus for mid 370βs so today being careful
ok, bought 366callz as we went below and then cam back above 366. Had on my charts that I was leaning towards callz for today. Guess we gonna find out!
This mag tech has few twist. Azure and AWS compete with GOOG in different way or segments of revenue silos inside each. Meta too.
I'm looking to play nvda for a day trade, its been beat up a lot.. I think a lot of support at 425 if it gets there. good luck today
Read where Ark and Wood has sold big chunk TSLA before tomorrow ha
If MMβs know TSLA nflx both got issues it makes tricky
360 is coming but slowly