Employment Data Disappoints

TAGS: How to analyze shares

Bloomberg:

  • Stock traders hit sell button on hawkish Fed bets
  • Twitter drifts away from Musk’s offer as financing concerns loom
  • Investors fleeing to cash like it’s 2020, BofA strategists say

MarketWatch:

  • ‘Labor market is too hot for the Fed’: Economists react to September jobs report
  • U.S. adds 263 000 jobs in September, but smallest gain in 17 months won’t stop Fed rate hikes
  • Airlines enter earnings season wrestling with fuel prices, hiring challenges
  • JPMorgan, Citi, Morgan Stanley and Wells Fargo kick off bank earnings season in choppy waters

yahoo! finance:

  • US payrolls grew by 263k, unemployment rate falls to 3.5%
  • Stocks to watch in after hours: AMD, Twitter, WTI crude oil, Peloton

Google Finance:

  • Forexlive Americas FX news wrap: Falling unemployment leads to tumbling stock markets
  • Tesla begins production of long-awaited truck

The disappointing employment rate sparked a major selloff on Global Markets.

Global Indexes

S&P 500

The S&P 500 gapped down below all resistance after jobs report.

NASDAQ

Similar for the NASDAQ.

DAX

Similar for the DAX.

HANG SENG

Similar for the HANG SENG this morning.

NYSE & NASDAQ Stocks

JPMorgan Chase Co

The news mentioned JPMorgan. It is currently touching a long-term support that was created by a gap during November 2020. Nothing positive here, we will have to wait for the results.

Deere Company

Deere Company was one of a few shares that remained positive. This was also the only share that continued building on its ‘Rising Three Method’ candle pattern, while the rest gapped down.

JSE Stocks

JSE All Shares

The JSE All Shares is still building on its ‘Rising Three Method’ candle pattern. Maybe the jobs data report came in too late to influence this index.

Sasol Ltd

Sasol is still moving strong with the rising oil price.

Algomodel Startegies, Education & Features

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Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.

All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.

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