What were Futures down on Good Friday after March US Jobs Report on April 6th, 2012 ?

What were Futures down on Good Friday after US March Jobs Report on April 6th, 2012 ?


Thought I’d do a little recap & charts on Futures, Dow & Nasdaq charts as of Friday April 6th , 2012

Futures had dropped back Friday Morning , Eminis ES_F dropped to 1375 ,& Russell Futures TF_F dropped to 799.10

I actually welcome a nice market drop since been sitting on more cash going into March/April.

Futures are now closed till Sunday night but we’ll get a better idea then if we bounce back off these lows or continue lower and breach some critical levels that I post on the charts below.

I had an amazing 3 month start to the year thanks to the huge market run, but was not buying as aggressively as I usually do. Many new positions have been scale in positions and after seeing the past week action and today’s futures drop I feel much better that I have more cash on the sidelines for swing trades.

So let’s start with the Futures charts below: (if any charts are cut off or u can’t read notes just double click till you see the chart on its own page)



Here are the updated Dow & Nasdaq Charts and what levels that I’ll be watching next week:



This past week on April 4th posted similar charts on DoW/Nasdaq for Premium Members ahead of the long weekend with some of my concerns if those key levels like the 50day sma are broken.


 Some articles on the Jobs Report for April, 2012

Disappointing March jobs report sends futures lower  http://sg22.ly/Hmg3Ab  

 Dismal jobs report pushes up Treasury prices   http://sg22.ly/HCcVLq 

US Adds 120,000 Jobs; Unemployment Falls to 8.2% http://sg22.ly/IepyNr 

U.S. Stock Futures, Dollar Fall While Treasuries Rise on Jobs  http://sg22.ly/HCdLrH 

How Bad was the March US Jobs Report ?  http://sg22.ly/Hnr9Dp 


Posted in Blog, Breaking News, Charting & Analysis