T3’s Take 3: Gold Screams on NFP Miss
Join Next Week’s Training Sessions! They’re FREE! Tuesday 9/6: Day and Swing Trading Signals You Need to Know Thursday 9/8: How to Start Trading Forex Like a Pro ********* By Michael Comeau 1) NFP Miss Today we got the big bad August nonfarm payrolls report, and unfortunately, it disappointed. The 151K headline number missed expectations by 29K, […]
Continue Reading -->5 Thoughts on the Disappointing August Jobs Report
Now that we’re past the initial reaction to the weaker-than-expected August NFP report, let’s take an in-depth look at how the market’s doing: 1) Oil Wins! Oil is the big winner off the NFP report. WTI crude was red in the early going, but it’s now up 2.4%, and the Vaneck Vectors Oil Service ETF (OIH) […]
Continue Reading -->Did We Just See the Low in Gold?
The idea of a low in gold, which I discussed yesterday, is playing out nicely. Indeed yesterday’s upside reversal in GDXJ on the 10 min was a fractal of the January pattern on the dailies which saw the start of the miners meteoric rise. GDXJ is following through this morning knifing up through the 45/45.50 […]
Continue Reading -->August NFP Report Instant Analysis: Did the Fed Fool Us Again?
Oh man, did we just get fooled by the Fed again? Fed heads have been selling a super-hawkish narrative for weeks but today’s job report was just a little bit shaky. The 151K headline number missed expectations by 29K. And perhaps most importantly, average hourly earnings rose just 0.1% month-over-month, missing the 0.2% consensus. We’re […]
Continue Reading -->Morning Call Express Video: Is the Market Set Up to Rally?
In today’s Morning Call Express video, T3 Live’s Jeff Cooper breaks down the market action ahead of this morning’s NFP report.
Continue Reading -->The Morning Hammer: Happy Jobs Day!
It’s been about a decade since the market’s made a real move, but maybe we’ll get some excitement with this morning’s August NFP report, which hits the wires at 8:30 a.m. ET. Traders are looking for 180K on the headline number with a 4.8% unemployment rate and 0.2% month-over-month growth in average hourly earnings. With […]
Continue Reading -->T3’s Take 3: Bears Fail Ahead of Pivotal Jobs Report
1) Jobs in Focus The nonfarm payrolls report is always one of the biggest events of the month, and with traders thinking the Fed is about to raise rates, tomorrow’s August report is no exception. Today, the US dollar fell on profit-taking following weaker-than-expected Markit US Manufacturing PMI, ISM Manufacturing, and Construction Spending numbers. But […]
Continue Reading -->Jobs Report Preview: Is Volatility About to Explode?
The nonfarm payrolls report is always one of the biggest events of the month, and with traders thinking the Fed is about to raise rates, tomorrow’s August report is no exception. Here is a list of the consensus numbers: Change in Nonfarm Payrolls (Aug): exp. 180k, prior 255k Two-Month Payroll Net Revision (Aug): prior 18k […]
Continue Reading -->Gold Could Be a Buy Soon
Gold is testing a trendline from its January low. 1308 ties to prior swing highs and is lateral support. The bottom rail of a rising channel comes in around 1300. While gold has underwhelmed, it is also not pulling back as much as the gold miners (GDX). That said, prior resistance should act as new […]
Continue Reading -->Scott Redler’s Morning Call Express: A September to Remember?
In today’s Morning Call Express, T3 Live Chief Strategic Officer Scott Redler discussion the action in FXI and SPX, as well as AAPL.
Continue Reading -->