Friday Morning Market Thoughts

Friday Morning Market Thoughts

Boom!  Nonfarm payrolls 54k vs 169k concensus expectations.  The futures shaved off a quick 15 points on the back of this and are hovering around the $1295 mark. Yesterday's trade was marked by consolidation, which was to be expected after...
Mind The S&P Futures Gap From April 20th

Mind The S&P Futures Gap From April 20th

On May 5th the top of the large 15 point up-gap from April 20th was tested but never attempted a fill.  Last week Wednesday, Thursday and Friday the tape again felt heavier.  We are thinking that should this April 20th gap again get tested it could then have...

Morning Line-Up

Good morning and happy Friday! After a fairly flat broader tape yesterday, we rise this morning to most things, dollar and treasuries aside, trading at higher prices.  The Euro continues its astonishing rally on the back of the rate-hike the other day....