Economic Data that may Affect the Stock Market 

Tom Gentile

Posted in
Daily Report

By: Tom Gentile
March 29th, 2022

2 mins read

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.

Charts 03 28 22

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.

Darknet Bullish Stock Aa

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.


Disclaimers

Stock and options trading has large potential rewards, but also large potential risk.

You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.

This is neither an offer to buy/sell/ or recommend a particular stock or option.

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Disclaimer of Warranties and Liabilities Tom Gentile and TomsTradingRoom, LLC including employees, consultants, and editors (“Publisher”) cannot and do not warrant the completeness or accuracy of the content found in our areas, or its usefulness for any particular purpose.

Tom Gentile and TomsTradingRoom, LLC also make no promises that our content or the service itself will be delivered to you uninterrupted, timely, secure, or error-free. Under no circumstances will Tom Gentile and TomsTradingRoom, LLC be liable for direct, indirect, incidental, or any other type of damages resulting from your use or downloading of any content on our site.

This includes, but is in no way limited to, loss or injury caused in whole or in part by our negligence or by anything beyond our control in creating or delivering any portion of Tom Gentile and TomsTradingRoom, LLC.

You are agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that Tom Gentile and TomsTradingRoom, LLC will not be liable for any I, investment decision made, or action taken by you, or others based upon reliance on news, information, or any other material published by Tom Gentile and TomsTradingRoom, LLC.

Tom Gentile and TomsTradingRoom, LLC relies on various sources of information that we believe to be accurate and reliable. However, we make no claims or representations as to the accuracy, completeness, or truth of any material contained on our site.

Tom Gentile and TomsTradingRoom, LLC are educational portals, providing content for educational and informational purposes only. Neither Tom Gentile nor TomsTradingRoom, LLC are a broker/dealer. Investors need a broker to trade stocks and options and must meet certain requirements. All securities, futures, and investments data and ideas are offered to self-directed investors. All prices in USD unless noted otherwise.

A full disclaimer can be found here:  http://www.tomgentile.com/legal_disclaimers.html.

Sign Up Now for Free Education!