Jobs Data

by Larry Levin


The market has clearly been waiting for Friday's Jobs data all week. The market exploded Monday and has been there ever since.
Thursday's close is within 3-points of Monday's close. Moreover, the ES (mini S&P) has traded in a tight balancing area of roughly 9-points...all week! Indeed, the market is on pins & needles waiting for the morning report.

Please check the following consensus data with the actual data. How the market will react is anyone's guess.

* Non-Farm payroll, MoM change = -70,000 (consensus)
* Private payroll MoM change = 100,000
* Unemployment rate = 9.6%
* Ave hourly earnings MoM change = .2%
* Ave workweek = 34.1

There are no reports after the open. Let's hope the market doesn't use up all of the reports volatility directly after its release.



Previous Day's Trading Room Results:

Trade Date: 8/5/10

E-Mini S&P Trades*
(before fees and commissions):


1) FT buy @ 1:32pm at 1121.00 = +.50 (1 lot)

2) Algorithm positions (11)

3) “Reading the Tape” positions (1)combined Secret’s, Algo, & “Reading the Tape” total… +7.00



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