Upcoming Jobs Report the Week Ending 10/7/2022

Tom Gentile

Posted in
Daily Report

By: Tom Gentile
October 6th, 2022

2 mins read

Tomorrow, Friday October 7 we get the US Non-Farm Payroll numbers, aka the ‘Jobs Report’.

Investors are eagerly awaiting this announcement as it will help ascertain what the Fed’s future course of action will be regarding interest rates.

Here is some data that has come out thus far this week. Wednesday there was data from ADP showing the labor market was still strong among private companies for the month of September. The data showed businesses added 208,000 jobs. That number was a beat of what Wall Street was expecting.

Today, jobless claims were higher than expected, which could be a signal there could be some labor market weakness.

If the jobs landscape is one where things are reported low for September, there is expectations of wage growth are they will remain the same, which may keep the Fed from making a pivot on their interest rate stance.

Market Sector Outlook going into Tomorrow’s Jobs Report

Figure 1: www.sectorsdpr.com Sector Tracker
Figure 1: www.sectorsdpr.com Sector Tracker

Taking a quick look at the markets today, we see things are mostly trading down, which for the week shows things are in a stall as equities haven’t taken back any of the gains to start the week, (Monday and Tuesdays pop).

The sector leading things in a bullish fashion is the Energy/oil sector.

USO, which is the ETF I track and use to analyze this corner of the market is trading higher on the day while other corners/sectors are not.

If you are looking for a market that is holding up and may continue to do so as you are more comfortable in looking to trade options in a bullish fashion versus bearish, securities that make up the XLE may be at least a starting point.

App: Toms Option Tools

Toms Option Tools scan the markets for bullish and bearish trade opportunities using our proprietary scans and strategy algorithms. TTR Darknet finds bullish entries based on triple stack channel collisions. Money Calendar identifies seasonal patterns with at least 90% accuracy looking back 10 years. Weekly Cash Clock finds short term opportunities that last a week on average. Microcurrency Trader applies Darknet technology and moving averages to cryptocurrencies. Velocity Trader utilizes volume spike and Velocity indicators on custom stock lists. Quantum Scripts scans the markets for momentum acceleration signals and employs Quantum noise filters. Optimal Trader finds directional pre-earnings opportunities that are optimized for entry date, stock movement, and volatility surge. My Trades tracks the profit/loss of your trades, displays stock charts and risk graphs, creates new trades, and edits existing trades. Morning Report provides top 10 option rankings in 6 categories each day.


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!