Jobs Report will Set Stock Market Tone Today 2-5-16

Jobs Report will Set Stock Market Tone Today

Jobs Report will Set Stock Market Tone Today

U.S. jobs report: What you need to know Today

America’s job market momentum may slow down soon.

The Labor Department publishes the January jobs report at 8:30 a.m. Friday. Economists surveyed by CNNMoney project that the economy added 197,000 jobs last month. That would be way down from December, when the economy added 292,000 jobs.

The unemployment rate is projected to stay steady at 5%, where it has been since October.

The job market has been a bright spot in an economy that’s lately flashed several warning signs.

U.S. economic growth was a mere 0.7% in the fourth quarter.

The manufacturing sector has contracted for four straight months; spending on construction projects is declining; and American companies are hurting. The broad S&P 500 is down 6.2% this year.

Another key measure of the labor market has been weak: The 4-week average of people filing for unemployment claims has increased since October, meaning more people are out of work. This usually foreshadows future monthly job losses.
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Pete’s  Day Trading Notes:

  • Looking for a pull back to but a few stocks that had strong earnings: FB, GOOGL, UA.
  • SPY trading range on the daily chart, makes day trading decisions less aggressive.
  • First hour this week offering solid opportunities to make money.

Stock Market Today: Map of the S&P 500

(click the map for a full view)

Jobs Report will Set Stock Market Tone Today

–> Top 25 Proprietary Trading Secrets

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Jobs Report will Set Stock Market Tone Today 2-5-16

The Trade: How to play the jobs report

Using Kensho, a hedge fund analytics tool, CNBC Pro screened for which securities do well on jobs report days.

US Dollar May Find Lifeline as Jobs Data Revives Rate Hike Bets

The US Dollar may find a lifeline in January’s employment data breathes new life into Fed rate hike speculation, lifting the currency after two days of aggressive selling.

Jobs Report: The Big Problem It Faces

Weak manufacturing activity casts a cloud over Friday’s jobs report.

Day Trading Game Plan: The SPY ETF Outlook

$SPY remains in a trading range. The $187-194 window shows indecision. Maybe today’s jobs report gives us a multi-day catalyst.

(click the chart for a full view)

Jobs Report will Set Stock Market Tone Today

 

Technical Analysis | Charts of Interest

COST gap lower out of a trading range, and now below the 200 sma on the daily chart. The ultimate profit target for a sell-short is $132.

(click the chart for a full view)

Jobs Report will Set Stock Market Tone Today

Stocks to Trade 2-5-16

Short-Term Trading Momentum:

Positive the last 20 and 5 trading days | closed 2% higher from the open: XON, FAST, TDC, CMI, NEM, PCAR, DE, SAVE, ALL, RRC, ETN, OKE, CERN, FOSL, AR, M

Negative last 20 and 5 trading days | closed 2% lower from the open: cxo, hd, lly, eog, tap, cag, mrk, mdlz, lng, hbi, atvi, nke, lnc, met, scty, mpc, jwn, cop, kss

Quarterly Order Flow:

Bullish Stocks to Trade: FAST, XOM>80.50, MMM, KORS, JNJ, LULU, FL, MCD, NEE, FB, DG

Bearish Stocks to Trade: kss, cop, jwn, mpc, scty, lnc, tgt, lng, lly, cost, agn, nflx, esrx, mplx, rcl, ccl, pru, gild, wba, tso, low, mck, c, tsla, ba, tif, hfc, nov, baba, celg,

20 Day Breakdown: kss, mpc, met, lnc, atvi, lng, mdlz, mrk, cost, ea, gm

20 Day Breakout: XON, FAST, TDC, RIO, CMI, BBL, NEM, CAT, AEM, ALL, ETN, MMC, EMR, MAT, PSX, UPS, CMCSA, HON

2x Normal Volume: COP, KSS, MPC, NOV, YUM, STX, FAST, VIAB, NXPI, HES, GRUB, MON, ABC, RCL, MCHP, LVLT, CMI, COST, GOOGL, MPLX, HP, EQT, LNC

Inside days: msft, baba, vz, nflx, ebay, ko, aig, jnj, pypl, vlo, low, pg, bxlt, jblu, ip, kors, avgo, dhi, mdt, coh, mplx, abt, cvs, swks, acn, tmus, pru, cl, aet

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