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Thursday, July 7, 2016

Friday Jobs Number Will Be Market Neutral - Use the 1st Hour Range As Your Guide


One Option Trading Blog http://ift.tt/29v98HY Posted 9:00 AM ET - Yesterday the market probed for support early in the day and buyers stepped in. As I mentioned in my comments, the bid would strengthen ahead of the FOMC minutes. We traded from the long side and had excellent success. ADP came in at 172,000 and the market is flat before the open. Trading should be relatively quiet today. The jobs report tomorrow should come in around 170,000 and May's number should be revised upwards. Anything in a range between 100,000 and 200,000 will be market neutral. The Fed meets in three weeks and no one is …

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