Friday, 27 April 2012

I am Concerned about next Friday's Employment Report

Dear Friends,

The week is ending soon. Now I am already studying about next month's market direction. If you know our style,we always like to study how enterprises and public reports are to determine the direction of the month.

However, I am worrying about next month's employment report, the Non-farm payroll report, which will come out next Friday. After studying the jobless claims this month, I feel that next month's Non-farm payroll may have higher chance of falling below expectations. If you remembered, this month's non-farm payroll is a disaster, leading to the index drop from the peak. In fact a lot of US companies fall from the high after the non-farm payroll.

Of course, I do not like to predict results before they come out. But sometimes as a trader, I will assess the probability of whether it will be more or less than expectation before the real result. As such, I will know what the risks are holding on to a stock or buying the stock before the report.

As currently I don't feel quite good about next month's employment report, I would certainly want to stay in the sideline on any long position before next Friday unless I end my position before Friday.

I hope my concern about the employment report is WRONG this time. Will keep you updated on our market outlook analysis next week!!! Do keep a lookout.

Rgds
Daniel

958 Interview June 28, 2018: Wallstreet is just using "Trade War" as an Excuse for the Fall! (Translated to English using Google Translate)

          Wallstreet is just using "Trade War" as an Excuse for the Fall! Last night Dow Jones fell 165 points to close at  2...