reality
US Non-Farm Payrolls Up 916K in March; Hospitality, Construction Contribute to the Surge
https://finance.yahoo.com/news/us-non-farm-payrolls-916k-164513333.html
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ES momentum trendline sloping down as ES hits new highs.
- Thread starter Math_Wiz
- Start date
US Non-Farm Payrolls Up 916K in March; Hospitality, Construction Contribute to the Surge
https://finance.yahoo.com/news/us-non-farm-payrolls-916k-164513333.html
millions of self employed or former travel and restaurant workers refusing to go back to work
reality
Sure there is a percentage who "refuse" to go back to work. But there are soooo many scenarios that make the numbers look better than they are.
For instance a good buddy of mine is a lounge entertainer at a LV strip hotel. A dueling pianist to be exact. Self-employed. He's was called back for 7 days this month... 2 days/wk for 3 weeks, 1 day for another week. The 2 day/wk kicks him off of unemployment.
Another is a stage hand, a grip... sound and lighting to be exact. He was called back 3 days this month... also kicked from unemployment.
Meanwhile the LV hotels are pounding the table that conventions and tourism in general is about to kick ass! Oh really??!!
Kicked from unemployment? There’s tons of self employed people getting 1099 money or cash money and drawing unemployment. The govt is only cross checking w-2 people as payroll taxes show up . Also you can use unemployment like a slush fund . The weeks you make less than $300 or don’t work at all file for that week .
never sell new highs.....but that does not mean you jump in long.....ES momentum trendline sloping down all month (April) as ES continues to hit new highs. What to make of this, and how to trade it?
all pull backs are being bought......that is fact.......that is what the chart is telling.
momentum is slow because it is always slow in channel....but it is a tight channel......never fade tight channels...
look for long entries
Kicked from unemployment? There’s tons of self employed people getting 1099 money or cash money and drawing unemployment. The govt is only cross checking w-2 people as payroll taxes show up . Also you can use unemployment like a slush fund . The weeks you make less than $300 or don’t work at all file for that week .
I'm not gonna argue with you, smart ass Sammy. My friend is 1099, through an agent that works exclusively with LV Hotels. LV depends on tourism, and LV is and has been a target for all sorts if IRS issues, from W-2G, to tipping, to 1099-NEC taxi drivers, and more. And then there are various hoops state unemployment put in place to deal with fraudulent filing too. Cross-checking 1099 can be accomplished with simple phone calls or snail mail fwiw.
And btw... In NV for self-employed OR W2 unemployment recipients to get the federal bump they have to qualify AND RECEIVE STATE benefits, WEEKLY. No state benefit paid, no federal bump. The federal bump is the same $300 for everyone who qualifies on a timely basis. There is no such $300 earnings threshold. The threshold is based on each persons earnings that were provided to determine initial eligibility. There are minimums and maximums as well. Again, In NV, If there is no state benefit paid, there is no federal bump!
I'm not gonna argue with you, smart ass Sammy. My friend is 1099, through an agent that works exclusively with LV Hotels. LV depends on tourism, and LV is and has been a target for all sorts if IRS issues, from W-2G, to tipping, to 1099-NEC taxi drivers, and more. And then there are various hoops state unemployment put in place to deal with fraudulent filing too. Cross-checking 1099 can be accomplished with simple phone calls or snail mail fwiw.
And btw... In NV for self-employed OR W2 unemployment recipients to get the federal bump they have to qualify AND RECEIVE STATE benefits, WEEKLY. No state benefit paid, no federal bump. The federal bump is the same $300 for everyone who qualifies on a timely basis. There is no such $300 earnings threshold. The threshold is based on each persons earnings that were provided to determine initial eligibility. There are minimums and maximums as well. Again, In NV, If there is no state benefit paid, there is no federal bump!
Ignore him.
He posts stupid shit like this every week. Might as well be a bot.
ES momentum trendline sloping down all month (April) as ES continues to hit new highs. What to make of this, and how to trade it?
Seems like you should be cautious on the long side due to the declining momentum.
But what else?? Would it be wise to play SPY to the short side?
If so, what kind of target, and/or what kind of stop? And what kind of time horizon?
About 50-50. You can find odds that are profitable in there somewhere by combining stuff (or rather using this as the last filer instead of the first filter).
As far as what it means this specific time around? flip a coin. There is other evidence out there that should be driving your conviction.
https://kaabar-sofien.medium.com/ba...ergence-strategy-on-fx-in-python-c3680e7e2960
%%ES momentum trendline sloping down all month (April) as ES continues to hit new highs. What to make of this, and how to trade it?
Seems like you should be cautious on the long side due to the declining momentum.
But what else?? Would it be wise to play SPY to the short side?
If so, what kind of target, and/or what kind of stop? And what kind of time horizon?
Big mo is going down on hourly spxl charts also;
but price still strong/parabolic stop + reverse gave a good sell signal @ $77, still a buy/hold for me................................................................................................
I'm not gonna argue with you, smart ass Sammy. My friend is 1099, through an agent that works exclusively with LV Hotels. LV depends on tourism, and LV is and has been a target for all sorts if IRS issues, from W-2G, to tipping, to 1099-NEC taxi drivers, and more. And then there are various hoops state unemployment put in place to deal with fraudulent filing too. Cross-checking 1099 can be accomplished with simple phone calls or snail mail fwiw.
And btw... In NV for self-employed OR W2 unemployment recipients to get the federal bump they have to qualify AND RECEIVE STATE benefits, WEEKLY. No state benefit paid, no federal bump. The federal bump is the same $300 for everyone who qualifies on a timely basis. There is no such $300 earnings threshold. The threshold is based on each persons earnings that were provided to determine initial eligibility. There are minimums and maximums as well. Again, In NV, If there is no state benefit paid, there is no federal bump!
Punk ass you know zip about it . You can make up to $300 a week and as long as you get $1 from state you get the $300 Pua . The state is not paying 1 dime of Pua for self employed or gig workers . The federal govt is reimbursing the state so they give 2 craps .There throwing money everywhere so all spend it . The fraud in the ppp program has been one for the record books and they could care less . They want to give money to all