Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

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...



S&P 500 ETF SPY NFP
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.
S&P 500 ETF SPY

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

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