NFP Day Today – That May Well Change Things – And Change Fast
Ahoy there, Trader! ⚓️
It’s Phil…
This week we have a clear “Russell Rocket” and Uncle Russell is leading the charge higher while the other indexes drag their collective feet.
With today being NFP day I should imagine that may well change things – and change fast!
SPX grinds after its breakout attempt and has not yet pushed to continue above its breakout high. So awaiting we will continue.
RUT has completed its BO PB setup and is on its own mission to Mars – and is a cat’s whisker from its breakout target. As soon as that is met – Tag ‘n Turn setups are back on the table.
This is indicative of the whole market at the moment – pick your points and wait for your ideal entries.
Keep scrolling for the full breakdown…
Russell Rocket. SPX Grinding. NFP Incoming. Pick Your Points.
SPX Market Briefing:
Friday December sees Russell Rocket leading charge (RUT ahead while other indexes drag collective feet),
NFP day today (may well change and change fast), SPX grinds after breakout attempt (not yet pushed above breakout high – still awaiting),
RUT completed BO PB setup (mission to Mars – cat’s whisker from breakout target),
once RUT target met TnT setups back on table, whole market message – pick your points and wait for your ideal entries.
Current Multi-Market Status:
- SPX: Bullish Above 6810.29, target 6,882 – grinding
- RUT: Bullish Above 2463.62, target 2,541.45 – cat’s whisker!
- ES: 6,881.00 – holding
- RTY: 2,535.30 – leading
- NQ: 25,729.50 – ATH territory
- VIX: 15.73 – subdued
- GC: 4,254.50 – consolidating
- CL: 59.57 – upper channel
Russell Rocket Leading The Charge
This week we have a clear “Russell Rocket” and Uncle Russell is leading the charge higher while the other indexes drag their collective feet.
Small caps showing the way whilst the big boys take a breather. Classic rotation behaviour.
Current Status: RUT leading, indexes following
SPX Grinding After Breakout
SPX grinds after its breakout attempt and has not yet pushed to continue above its breakout high.
So awaiting we will continue. The breakout high of 6882 remains the level to clear for continuation. Until then, we grind.
Current Status: Awaiting continuation above 6882
RUT Mission To Mars
RUT has completed its BO PB setup and is on its own mission to Mars – and is a cat’s whisker from its breakout target.
Target sits at 2541.45 and current price is 2523.90. That’s about 18 points away. A cat’s whisker indeed.
As soon as that target is met – Tag ‘n Turn setups are back on the table.
Current Status: Cat’s whisker from target, TnT pending
NFP Day – May Change Fast
With today being NFP day I should imagine that may well change – and change fast!
Jobs data drops at 8:30am ET. Markets positioned, traders ready. Whatever the number says – expect movement.
Current Status: NFP incoming, volatility expected
Pick Your Points
This is indicative of the whole market at the moment – pick your points and wait for your ideal entries.
The message is clear. Patience. Levels. Execution. No chasing.
Current Status: Patient entries, defined levels
Expert Insights
The Observation: When one index leads whilst others lag, the market is telling you something. Uncle Russell’s rocket whilst SPX grinds shows rotation at work – small caps moving whilst large caps digest.
The Fix: Don’t fight the divergence – trade what’s moving. RUT is a cat’s whisker from target with TnT setups waiting. SPX needs to clear 6882 for continuation. Pick your points. Wait for ideal entries. NFP could shuffle the deck entirely – so be ready for change and change fast.
Sidebar thought: Buy the rumour sell the (NFP) news?
Rumour Has It…
The Financial Nuts team reports from the newsroom…
Percy’s rocket-watching duties have intensified. “Uncle Russell’s leading! The others are dragging their feet!” His pigeons are learning to distinguish between rotation and divergence.
Hazel’s updating the NFP protocols whilst monitoring RUT’s approach to target. “Cat’s whisker distance. TnT pending. One good push and we’re there.”
Mac’s glass is labelled “PICK YOUR POINTS SPECIAL” today – wisdom in a tumbler. Kash calculated RUT’s remaining distance: “18.55 points. That’s 0.73%. Barely a sneeze.”
Wallie actually perked up at the mention of TnT returning: “Setups back on table? Finally something to swing at.”
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact:
Another Fun Fact…
The Russell 2000 is commonly considered “an indicator of the U.S. economy” due to its focus on domestically-oriented small-cap companies. When small caps lead, it often signals broad economic confidence – smaller firms are more sensitive to domestic conditions, interest rates, and credit availability. Historically, small caps have outperformed large caps in about 60% of Fed easing cycles tied to recessions. With Uncle Russell currently leading the charge, the market may be signalling optimism about the domestic economic outlook.
[Source: Wikipedia / LSEG FTSE Russell / Bank of America Research]
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
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