October 4, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Barn Burner Jobs Report

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows that the stock market is rallying on the jobs report.
• The chart shows that the stock market is above the support/resistance zone.
• The just released jobs report is a barn burner. The report is a lot stronger than the consensus.  Here are the details of the jobs report:
  • Nonfarm payrolls came at 254K vs.