By: Tom Gentile
on March 29th, 2022
Economic Data / Reports Coming Out this Week
Tuesday we get the reading on the Consumer Confidence Index.
Friday we get the non-farm Payrolls report.
The more important or rather more impactful to the market typically is the Non-farm Payrolls as it speaks to employment and how many American workers are employed in the U.S,
The domino affect should be more people working, more people earning an income that they can then put into the economy purchasing goods and services – which may speak to the confidence of the consumer (and that report is again, tomorrow).
Effects of a Good Jobs Report on the Markets
Should we get a good jobs report, which I see as one where the number of folks with jobs beating expectations that could help the markets add to their already bullish price action and go higher.
Expectations are for 490,000 to be added. Should that number exceed projections it could lead to a rise in US stock market prices and a hike in the US dollar compared to other global currencies.
What Options Could Benefit with a Good Jobs Report
Here is a look at my Morning Reports List and the options that have High Options Volume for today and High Options Volume overall.
One security that stands out is Ovintiv Inc. (NYSE: OVV)
It is a stock in the Energy Sector. It’s Industry is Oil & Gas & E&P (Exploration and Production), which is the top performing sector over the past month or so.
It is trading just off its 52-week highs.
Should you expect continued strength in oil and energy and there isn’t a surprise from the Non-farm Payroll report this could be a situation to explore and discuss with your broker for the suitability to one’s account, whether for a short-term options trade or investment.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.