Sharp 🪒 drop 📉 on NASDAQ: How i will play today session
Hi guys sharing just my thoughs of my today market gameplan.
Today wil be crucial Non Farm Payrolls and Unemployment Rate numbers in conjuction with wednesdays sharp decline in ADP Non-Farm Employment Change.
The long term unemployed rise sharply:
static.seekingalpha.com/uploads/2021/1/7/37137-1610048218876087.png
Total payroll growth accelerated sharply immediately after the lockdowns were lifted, but has since slowed. This makes tomorrow's jobs report that much more important. A decrease would be very bad as it would confirm the drop in the ADP report from wednesdays, while also indicating an abrupt change in the underlying economy.
static.seekingalpha.com/uploads/2021/1/7/37137-16100470208758667.png
So this could be some kind of catalyst of move today and next week.
Today wil be crucial Non Farm Payrolls and Unemployment Rate numbers in conjuction with wednesdays sharp decline in ADP Non-Farm Employment Change.
The long term unemployed rise sharply:
static.seekingalpha.com/uploads/2021/1/7/37137-1610048218876087.png
Total payroll growth accelerated sharply immediately after the lockdowns were lifted, but has since slowed. This makes tomorrow's jobs report that much more important. A decrease would be very bad as it would confirm the drop in the ADP report from wednesdays, while also indicating an abrupt change in the underlying economy.
static.seekingalpha.com/uploads/2021/1/7/37137-16100470208758667.png
So this could be some kind of catalyst of move today and next week.
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