4 April 2014 ~ US Unemployment Data

In some respects it was a boring session. Everyone was waiting for NFP and when it finally arrived it was broadly in-line with expectations.
* NFP: 192K as against 199K consensus
* Unemployment rate: 6.7% as against 6.6% consensus.

But having said that, several markets have spent the remainder of the session trending beautifully.

Personally I prefer to sit on my hands until the market is really caught out (e.g. NFP of 100K, Unemployment of 6.5%), and while I am no Technical Analysis guru, the double top and subsequent break lower by the S&P 500 was a really inviting opportunity.

Anyway, that will do for one week – please come back for the next!

ES 06-14 (1 Min)  04_04_2014

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s