How Will The Stock Market Do With A Good Non-Farm Payrolls Report?

jobs report upside
Jobs show a needed upside surprise.

Non-farm payrolls of 222,000 should help markets.  Weak non-farm payrolls a month ago capped out stock market new highs.

Let's look...

Charts By Interactive Brokers
SPY Technicals Versus Jobs

Here you see that June 2nd's report of non-farm payrolls had a role in peaking out the market for the month.

Now that this new report came out bullish the S&P 500 ETF SPY (in the chart) can start moving back up.

SPY Technicals: Let's Zoom Out: Same Chart.

This good economics report should help the market. That line the S&P 500 ETF SPY is sitting on is a middle uptrend line that has been pretty important for the market.

We think it can hold.  Good news in combination with an uptrend should help the market hold.

Let's Wrap It Up

Jobs matter because they give consumers confidence to spend which drives the economy which drives the market. Through all the noise we find that there is no more important economic indicator than jobs. The non-farm payrolls report is the grand-daddy of them all.  Wishing you profitable trading!

By: Chaim Siegel, Elazar Advisors, LLC

If you liked the report please share and maybe even follow us. Any questions WHAT-so-ever, let us know! 

Enter your email address:

Delivered by FeedBurner


  1. This comment has been removed by the author.

  2. The Advance/Decline ratio is “overbought” based on the advance decline data, but it can remain so for some time. Wall St doesn’t put as much faith in this one as they once did. Market Internals remained positive on the market. Overall, I think the short-term performance is somewhat limited; markets can go higher, but perhaps not too much higher before we move back at least a couple percent. microcap millionaires

    1. historypak, makes sense. we'll see. today is the first legit down day in many. markets are allowed down days. A/D you mean stochastic. do these style indicators work for you. i never had much luck with them. sometimes good sometimes not. if you found way to use them successfully let me know. u dont have to give away ure secret sauce just curious.


Post a Comment

Comment here:

Contact Us


Email *

Message *