Why did market jump Friday on strong job numbers? I thought that was bad.

[Sergio123]

All of these reports and news events are just used to move markets. If it moves it too much, too fast, then it's going to flip. Understanding gamma is the key.

 

[BKR88]

Why did market jump Friday on strong job numbers? I thought that was bad. The narrative so far has been interest rates will rise unless inflation and jobs go down...now jobs are up...so why'd the market take a strong job number as positive for equities?

Reason was technical not fundamental IMO, as is quite often the case.
CNBC likes to give a fundamental reason that matches the market move.
***Haven't watched them for years but this was the case back then.

 

[tomkat22]

Meh, reacted about the way I thought it would. Unemployment down,market up. Looks like it carried over to today.Even if all those newly created "jobs" are at Walmart,McDonalds,etc.

 

[murray t turtle]

=> no recession in the near future.

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I DONT like the subjective word ''oversold'' Some used that there.
200dma/
Oct = bear killer /Stock Traders Almanac nickname .
Also possible a few figured out the Fed [Reserve, not federal gov]may not raise rates.
Like a metals dealer said, the Federal Reserve is not Federal[gov] + has doubtful reserves

 

[formikatrading]

I get that. FWIW, my "oversold" is very contextual and not just some oscillator but I understand how that can be misinterpreted.

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I DONT like the subjective word ''oversold'' Some used that there.

 

[murray t turtle]

I get that. FWIW, my "oversold" is very contextual and not just some oscillator but I understand how that can be misinterpreted.

%%
OK;
i seldom use that anyway.
200dma helps a lot/
even though sometimes it chops there a lot LOL.Of course there are quite a few different 200dma s

 

[Pekelo]

Why did market jump Friday on strong job numbers?

Because on the weekly chart we hit then lower Bollinger Band, so we were due to bounce.

 

[v-shape-0DTE]

It's still up! lol This is a market that just goes up. always wants up and can't be stopped.

 

[zdreg]

It is all conjecture.