The bad news in the jobs report for traders —

[Innervoice]

The bad news- we created more jobs than expected and the unemployment rate actually dropped.

the real bad news- the job participation rate fell. That means the labor market is still very tight.

This does make it tough for traders because there are random whip saws both to the up and to the down and they come out of nowhere.

 

[CET]

Traders worship at the altar of volatility.

 

[Innervoice]

Traders worship at the altar of volatility.

Not violent whip saws that come out of nowhere.

 

[Specterx]

As a trader I want two things: 1) big moves and volatility across the assets I trade, including in fundamental drivers of such like interest rates, and 2) the lowest possible prices for the goods, services, and investment assets I buy with my earnings.

This jobs report seems right on the money for both purposes.

 

[nitrene]

Not much volatility today. It was pretty much straight down after the 0845CST flush down. Maybe it will come back some in the last 105 minutes.

 

[savoir]

The bad news- we created more jobs than expected and the unemployment rate actually dropped.

the real bad news- the job participation rate fell. That means the labor market is still very tight.

This does make it tough for traders because there are random whip saws both to the up and to the down and they come out of nowhere.

Well there’s your difficulty right there. You are reading what’s in it.

 

[earth_imperator]

Govt is fiddling with the numbers to win the Midterms.
The avalanche in everything (unemployment, bankruptcies etc.) will happen afterwards in November, right after the elections...

 

[ktm]

The jobs situation (in terms of tightness) is not going to subside until the gov't stops handing out $20B - $30B EXTRA every month in emergency Covid aid under a bunch of different programs.

 

[murray t turtle]

As a trader I want two things: 1) big moves and volatility across the assets I trade, including in fundamental drivers of such like interest rates, and 2) the lowest possible prices for the goods, services, and investment assets I buy with my earnings.

This jobs report seems right on the money for both purposes.

%%
Amen;
but i dont mind paying up for quality, in some cases, name brands, guns , ammo.
I also like the way Andrew Carnegie hated labor unions; many of whom actually promote laziness + greed.
But it maybe a good thing, the police union.
Typical bear rally\
but OCT can be a bear killer as stock Trader's Almanac nicknames it.
Good downtrend\ bear trend today[QID + SPXU SPXS.....] even if SPY+QQQ are still up a bit on weekly candle charts as of 1;17 CST.
My SQQQ buy order never got filled in yesterdays post market/ that's life also.

 

[nitrene]

My SQQQ buy order never got filled in yesterdays post market

You should just short 1 MNQ contract -- its only $22K notional.