All Roads lead to NFP
Heads up: Highly anticipated NFP (non farm payrolls) report tomorrow.
It’s that time of the month again: Tomorrow the Labor Dept. releases its monthly Non-farm payrolls report. It’s widely considered to be one of the most important and influential measures of the U.S. economy and the report is released at 7:30 A.M., Central Time on the first Friday of the month.
To review, the Labor Dept.’s Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites. The report excludes farm workers, private household employees, domestic household workers and non-profit organization employees. The report also includes other detailed industry data including the overall unemployment rate as a percentage of the total labor force that is unemployed but actively seeking work, wages, wage growth and average workday hours.
Volatility is quite high. This requires one to evaluate their stops? targets? Trading size?
With the micros Trading such good volume across the board a trader now has the option of trading one 3, 6 micros for example rather than trading one Single mini SP or mini Nasdaq This is especially true on volatility as as high as we have seen the last few days And may help certain traders adapt to the volatility.
If you like feedback, discuss ideas – let us know and we will do our best to assist.
Mini SP 240 min chart (4 hours) for your review below with possible support levels. Click image below for larger image.
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