Markets rose quickly after this morning’s jobs report showed slower growth than expected.
The U.S. added 150,000 jobs versus expectations of 170,000, sending yields lower and stocks higher.
Meanwhile, Apple is down after reporting earnings Thursday after the close. If you look at the FANG stocks — which are responsible for about 40% of the market — none of them are doing particularly well after their earnings reports.
So what’s going to push this market higher in the near term?
Hence my worries… I would be especially careful with the FANG stocks right now because we’re at the top of a downtrending channel, which means we’re likely to head lower again.
The sectors
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
In today’s all-new briefing, I’ll go over whether or not tech is going to break higher or revert lower… which sectors are making higher lows… why today’s employment data could be huge for the market… how to navigate long positions while trading below the key averages… and global data that will impact the U.S.
P.S. One Last Time — Don’t Miss Out!
To close out my birthday week and the meat of earnings season strong…
I’m going LIVE one final time with a ProTrader Dashboard trading session at 1 p.m. ET today!
Not only will you get one long and one short options trade, on the house… 100% completely FREE…
But you’ll also see how the ProTrader Dashboard can track institutional buying and selling LIVE, literally as it happens!
Just click on the link below and I’ll see you in person at 1 o’clock today…
