Non-farm payrolls played a big rope-a-dope on the market between yesterday and today.

The low of the S&P 500 yesterday, 4135, was just over the open today of 4115.

The market was waffling under 4125 and has now popped above 4138…


Image from Yahoo Finance

Similarly, AAPL is down and is currently hitting against resistance.



If AAPL falls apart in the afternoon, we could see the market drop as well.

I am looking ahead to next week, since the market still has time to move this afternoon.

  1. United States Oil ETF (NYSEARCA:USO)

Oil is getting a pop on nonfarm news and USO is moving higher again.

  1. DraftKings Inc (NASDAQ:DKNG)

DKNG is blowing up. We could see DKNG head back to $20.

  1. iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

We are seeing massive put buying in HYG, so rates could be heading higher.

Until next time,


Mark Sebastian

My Private Room: What You Missed


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