Jobs Report Shocker Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). U.
to release oil and diesel The chart shows the stock market is approaching the low band of zone 1 (resistance). RSI on the chart shows the stock market has room to run.
On the other hand, if the stock market is not able to maintain its gains, it will technically be a negative. Here are the details: Headline nonfarm payrolls came at 29K vs 84K consensus.
Private nonfarm payrolls came at 46K vs 100K consensus. 3% consensus.
1% consensus. 4 vs.
3 consensus. The reason is that if the Fed were to raise interest rates in October just before the midterm elections, the Fed would have to deal with President Trump.
S. U.
The price of diesel has skyrocketed, increasing shipping costs. S.
Saudi Arabia has increased flow in the East-West pipeline to 80% of capacity. Oil is falling in response to the above developments.
Blind money is the money that flows into the stock market on the first two days of the month without any analysis irrespective of market conditions. com, Inc.
(NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA). In the early trade, money flows are positive in S&P 500 ETF (SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).
The most popular ETF for oil is United States Oil ETF (NYSE:USO). Bitcoin Bitcoin (CRYPTO: BTC) is seeing buying.
What To Do Now Consider continuing to hold good, very long term, existing positions and add tactical positions based on signals. The Arora Report is known for its accurate calls.
Most recently, we correctly called the rally from recent stock market lows and the 2026 semiconductor decline before a 25% drop in the Semiconductor ETF (SMH). In gold, we bought at an average price near $1,105, close to cycle lows, and took partial profits near $5,400, close to cycle highs.
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