Stocks to Watch This Week After September’s Disastrous Jobs Report

 
October 12, 2021
 
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5 Crucial Numbers Traders Need to Watch in October
The stock market started off under a little bit of pressure this week…

But it still needs to have what we'd call one of the most important weeks of the year. In other words, this week must set the tone for the rest of the fourth quarter.

So in this video, we thought we'd cover how we're tackling the market as we head into a new trading week. We'll even give you five numbers to keep an eye on that'll help us define where things are headed in October.
Catch the Video Here
 
Stocks to Watch This Week After September's Disastrous Jobs Report
Last week officially kick-started the first full week of October trading. And it ended with a tremendously disappointing September 2021 jobs report.

This was the second month in a row in which the U.S. added less jobs than analysts expected. There were only 194,000 jobs added in September — compared to the 500,000 we anticipated. That is a significant miss and a huge red flag that COVID-19 is still a major roadblock that's disrupting the economy.  

People were expecting the economy to roar back last month, so investors are going to read this as the Fed not having to raise interest rates or taper the economy as soon as planned.

So that's the bright side to the jobs report —the Fed's keeping rates low because commodities love free money.

What to Watch This Week
 
"Great videos, especially the daily market analysis."

John R.








The Advance/Decline (A/D) Line is used by many traders to confirm the strength of a current trend and its likelihood of reversing. The indicator essentially shows if most stocks are participating in the direction of the market. If the markets are up, but the A/D line is sloping downwards (bearish divergence), it's usually a sign that the markets are losing their breadth and may be about to reverse direction. If the slope of the A/D line is up and the market is trending upward, then the market is said to be healthy.
 
 
 
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