This kind of a strong upward reaction to the ADP number is unusual, especially for a number which is around consensus. Unfortunately, this only makes it tougher to game the nonfarm payrolls report. I was expecting a buy on the news reaction to the nonfarm payrolls report but that becomes trickier because expectations and/or prices will be higher ahead of the nonfarm payrolls.
This gap up surprises me, so I will wait till at least 10:00 AM before putting on short positions.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
It was unusual that India rallied at the time Europe was selling off. Usually when India and Europe are open at the same time, they move together.
It's not unusual when bots are gamed to pull out "better than expected" and ramp on each other the moment the release is texted.
Post a Comment