Stocks to Trade 4-7-17 | U.S. Jobs Report

U.S. jobs-report

U.S. jobs-report

U.S. Jobs Report: What to Watch For

At 8:30 a.m. Eastern time Friday, the Labor Department will report the latest figures on hiring and unemployment in March. Fairly or not, the data will be a measure of President Trump’s success in terms of job creation in the early days of his administration.

Wall Street is predicting that the economy gained 180,000 jobs last month. That suggests economists believe that hiring slowed down from its robust pace in February, when the economy also recorded healthy wage growth.

What to watch in the jobs report: slowing growth, rising pay

WASHINGTON (MarketWatch) — The U.S. labor market has gotten off to a galloping start in 2017 with nearly half a million people finding jobs, but the reins on hiring could be pulled back in March. Here’s what to watch in the government’s employment report due on Friday.

Economists polled by MarketWatch forecast an increase of 185,000 jobs last month, down sharply from a preliminary 235,000 gain in February and 238,000 in January.

5 Things to Watch in the March Jobs Report

The Labor Department releases its monthly employment report Friday. Economists surveyed by The Wall Street Journal forecast a gain of 175,000 jobs and an unemployment rate of 4.7% in March. Here are five things to watch.

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Trading Advice | From My Trading Journal 2000-2015

Trading advice is easy to get. Everyone has an opinion.

The key to moving forward as a successful trader is implementing trading advice that matters to your unique experience.

This is why the best advice you will ever receive, is from yourself. The quickest path to success begins with a brutal assessment of your progress.

Keep a trading journal religiously. It will end up as the most important trading book you ever read.

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On the Tape Today | 4-7-17

$CRM 4-7-17

$CRM 4-7-17

CRM | Salesforce exploded through previous resistance @ $84 and settled into an inside day. Game planning a further move higher with an $85.50 buy-stop. Initial target to sell is $91. Stop loss on a close below $84.25. If the stock price trades lower I plan to let it go.


$SPY 4-7-17

$SPY 4-7-17

Tape Reading the SPY ETF

A tough week to trade.

For the first time in a while, scalping is the only obvious trend you can find. And that trend changes by the hour. If you’re thinking about testing another strategy this because you got bounced around this week, be patient.

If your trading plan worked in the past, it should work again in the future. That’s how probabilities work.

The $SPY produced another melted candlestick yesterday. Indecision rules the stock market this week. Most traders I spoke to believe the U.S. jobs report ignites volatility this morning.

Maybe, maybe not. At least we get to know before the market opens.

The market is sloppy right now. Don’t let your trading be. Follow through seems to have vanished. Keep your share size lower and trade for cash flow unless your stock has room to go on the daily charts.

Stock Market Today: Heatmap of the S&P 500

$SP 500 4-7-17

$SP 500 4-7-17

Stocks to Trade 4-7-17 | Friday Edition

Short-Term Momentum

Bullish Momentum: CKS, DVN, BIVV, SLCA, UNP

Bearish Momentum: clvs

Long-Term Order Flow

Bullish Order Flow: BIVV, RH, WDC, TSLA, WYNN, HCA, ADBE, AMZN

Bearish Order Flow: alxn, akam, twlo, fslr, fnsr, wba, rost, prgo, car, kmx, panw

2X Normal Volume: LB, BBBY, KMX 

Inside Days: msft, ebay, cop, wmb, hal, cat, symc, slb, crm, wba, csx, rrc, yum, cvx, mcd, hes, all, low, nem, fnsr, atvi, cien , wdc, mat, lvs, hd, cag, 

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