NFPs Surprise
Yesterday‘s S&P 500 offered another trappy session, recovering from poor unemployment ddata as called, and then heading lower before AVGO earnings on the Trump-Musk spat. This catalyst lined up well with my expectations of lackluster trading ahead of NFPs that has to be approached differently in terms of intraday and swing trading – while almost 150 NDX gains was secured, it was hardly any swing entry opportunity … such is the reality of trading that every day requires different tools and adjustments taken as regards the risk-reward ratio… the calculation that‘s different for both trading styles.
NFPs just in, and the figure came in better than expected, and certainly much better than feared, hence I issued intraday update for swing trading clients – care for clients comes first, the intraday ones are set up for success too, so today‘s article is late. Needless to say, yields are set to rise as rate cut hopes are kept at bay, and USD is to recover ... deeper thoughts beyond precious metals and silver stealing the spotlight, are reserved for clients.
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