ORIGINALLY sent out to subscribers @ 7:45 am. Nonfarm Payrolls hit +157,000, Exp. 165,000, Last: 196,000 . Unemployment rate 7.9%.
Happy Friday, the S&P futures are bid after seeing a slight dip into 1494.75 before we bounced back to where we are now 1499.50 with 1500.25 as the pinch higher target.
A trade below 1494.75 could mean we are back to the 1491.25 level IF NFP payroll disappoints.
5 min ES POST NFP. high 1504.75
Nasdaq futures are higher by 15.25 points or 0.56% to 2740.25 after the 2730 level held like a champ earlier Friday morning. over the 2741 level means we retest Thursday’s intra session highs slight;y over 2745 giving us a shot at 2751.75 the high of the week.
The bond market is in line correlation wise with the S&P strength as the 30 year future is off 0.24% @ to 143’02 with the low to watch for sell stops under @ 143’01.
Any trade today under 142 will surely mean we see a decent equity market bid. Inline with bonds is the DX which is lower by 0.18% with the 79 level as support with 78.97 being the low to watch for sell stops below.
15 min GC following NFP print
Crude oil futures are moderately soft after a late Thursday push into 97.70 failed into the session low of 97.08. Under .08 means 96.88, over 97.70 means we re attack the 98 metric.
Gold futures were as high as 1667 before they tailed off into 1663.50. Under 1660 could put us into 1650 which would be a low for the week. As it typed NFP hit the tape making the new high 1675.90, economy is still weak and the spike in gold pricing in further need for more stimulus.
Shares of Apple are slightly higher to 458 from a 455.49 close Thursday, we are still looking for 460 to over convert into support for a move into the 474 level.
Shares of XOM are higher over the 90 level @ 90.60 with after closing at 89.97 Thursday following the company’s fourth quarter results this morning. The results showed the company’s profit is up 6 percent to $2.02 a share. The pre market high to watch off the open is 91.25, low 90.25