Tomorrow's nonfarm payrolls and unemployment reports are only as big as the markets decide to make them. We have seen many different reactions to these numbers, including no action at all. The only real move to take action on would be more selling, as a good reaction will just carry us back to where we started.
Regardless of what happens, be sure to double and triple check before jumping into anything and be aware of dangerous impulses. Options combos can become very unfairly priced – and difficult to execute – in volatile situations. Make sure to use your limit order and be patient if you are going to make trades.
Mid-Week Outlook
- Bullish: 16%
- Sideways: 68%
- Bearish: 16%
Have a great weekend,
The Maverick Trading Team
