US Non-Farm Payroll Numbers and the Stock Market 

Tom Gentile

Posted in Technical Analysis

By: Tom Gentile on April 1st, 2022 • 2 mins read

The jobs report came in showing growth of431,000 in March. This fell shy of expectations which were for growth of 490,000. The unemployment rate declined to 3.6%, below expectations.

This put a damper on the futures which were much higher before the opening bell.

Though falling short of expectations, one thing that could be looked at as at least decent news is the first quarter saw almost 1.7 million jobs added.

Whether one believes in this recent bullish run in the markets holding or not, one needs to keep trading per the rules of their system / strategy and that is what will be done with this Money Calendar setup.

A Money Calendar Technical Analysis Setup Worth Researching Further

Looking at www.sectorspdr.com and checking each sector ETF performance over the last 1-month, XLB is the third best performing sector ETF (not counting Utilities).

S&P 500 4-1-22

It ALSO has a Money Calendar pattern on it and therefor will be the one we highlight today.

Here we go…

Materials Select Sector SPDR Fund (XLB)

This is an ETF primarily composed of companies involved in such industries as chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products.

Charts 4 1 22

Option Strategies for a Bullish Prognosis

A long call, call debit spread, or a put credit spread are options strategies one can consider with the anticipation of higher prices.

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.