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Wednesday, June 1, 2016

Soft Jobs Report Will Keep Fed Sidelined - Market Bid Will Strengthen


One Option Trading Blog http://ift.tt/1Zd2bxc Posted 9:40 AM ET - Resistance at SPY $210 is holding. The market probed for support yesterday and it is a little soft this morning. Holidays typically suck the life out of the market and we can expect low-volume today. Official PMI's were in line and they barely moved the needle. The Street is modeling for 160,000 new jobs on Friday. That number seems a little light and it could spook investors. I would prefer to see something in the 180,000 to 200,000 range. That would keep the Fed sidelined and it would suggest sluggish growth. The FOMC will meet in …

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