Expectations were for 100K new non-farm payrolls jobs. We got 163K a nice surprise. Looks like people were betting on a bearish number, so you had a spike in the Dow.
High in futures still just 13080. low 12,813 for a 200 point trading range, currently up 222 pts.
In my opinion, I’d be a seller between 13,100 and 13,200 because its the top of the resistance of the trading rang. Combine that with the ecstasy coming through from the financial media and I think this is a low risk trade.
Its getting late in the day for grains. Buy a CZ 7.50 put for 36 cents.
That is all.
As always, I have stop limits on if you are trading futures.
As always, if you think I am wrong, then do the opposite.
CER
