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Bullish but irrelevant JOBS report


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#1 dTraderB

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Posted 06 April 2018 - 07:57 AM

Hardly moved the needle! 

But, the NFP report is flat to bullish for the market, not for Trump.

It is almost sacrilegious to say so but this NFP report seems irrelevant in the 

context of looming trade war and instability in Washington DC,

Looking to buy QQQ puts (June, deep in the money) on any bounce, will hold for a few days or weeks.

 



#2 redfoliage2

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Posted 06 April 2018 - 09:19 AM

If it hardly moves with the bad news then it's bullish.  This looks a dip to buy and I did.


Edited by redfoliage2, 06 April 2018 - 09:20 AM.


#3 dTraderB

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Posted 06 April 2018 - 10:22 AM

This market could get quite ugly this afternoon, last two hours, or anytime for the rest of today's session.

ESM 2640/43 is a key trading zone - up or down, ditto for NQ 6650/60


Edited by dTraderB, 06 April 2018 - 10:22 AM.


#4 dTraderB

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Posted 06 April 2018 - 12:18 PM

Trump sends out Kudlow to do his shtick, again, but people are tired of this BS.. 

You don't fool around with the markets....

 

markets rallied on Kudlow's latest attept to appease but then dropped like a rock, again.

 

The shtick lasted about 4 minutes 



#5 saltlake

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Posted 06 April 2018 - 01:04 PM

Man its early in the day for such a violent move, theres still time to crash this today. Who wants to hold long this weekend ??

#6 saltlake

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Posted 06 April 2018 - 01:09 PM

I was looking for this in the last hour, Hmmmm

#7 CLK

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Posted 06 April 2018 - 01:18 PM

I wouldn't count on much more, clean ES hourly ABC done with Inv. H&S for Monday.



#8 EliottWave5

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Posted 06 April 2018 - 01:29 PM

Man its early in the day for such a violent move, theres still time to crash this today. Who wants to hold long this weekend ??

 

Me.



#9 saltlake

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Posted 06 April 2018 - 01:31 PM

Yeah I see that too CLX, i guess Cowboys can buy right here at Es 2600, not my style though so standing aside for now.

#10 CLK

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Posted 06 April 2018 - 01:39 PM

Now this is only looking half way done, more downside than I expected for a daily that was trying to turn up, most were sure

the IT bull was back, not now.