After a slowdown in March, largely attributed to finicky weather, April’s job and wage growth is set for a rebound. According to payroll processor ADP, 204K jobs were added to the economy in April. Expectations ahead of Friday’s closely watched nonfarm payroll report are 192K additions, up from only 103K in March. Read More
Mike Scinto
Mike started his investing career at 16, after becoming interested in stocks. Derivative products were a naturally progression, and a few years later was trading stocks and options while in college at Indiana University.
Mike joined the NinjaTrader Group, LLC Order Desk in February of 2015 and provides updates on critical expirations and contract roll dates for NinjaTrader Brokerage clients. He also monitors the markets for technical patterns, key support & resistance areas and more.
Rates to Remain Unchanged Ahead of FOMC Meeting
May’s Federal Open Market Committee Meeting concludes today at 2:00 pm et. With the recent run of positive economic data a more hawkish tone can be expected as the Feds demonstrate confidence in inflation growth.Read More
ADP – U.S. Adds 241K Jobs in March
The U.S. employment market remains strong as it heads for its 3rd consecutive month of gains.
After February’s solid showing of 313K new job additions, economists suggested the market could be hard pressed for a strong March to follow suit. However, according to payroll processor, ADP, March produced a total of 241K private sector jobs, beating expectations of 205K – 210K.Read More
Futures Flat as They Brace for FOMC Meeting
The Index Futures markets opened relatively flat on Tuesday as investors remain on the sidelines ahead of tomorrow’s newly appointed Fed Chair, Jerome Powell’s, first FOMC meeting.Read More
Market Retreated & Recovered Amid Recent Selloff
The global selloff continued on the open Monday after the DOW and S&P 500 both saw their worst days in two years. After the first hour of trading however, markets have rebounded to be flat or positive on the day. Still, they have a long way to go, the DOW in particular, after its 666-point selloff on Friday. Read More
January Jobs Report & a Look Ahead for 2018
It has been quite the eventful week to round off the first trading month of the year – a market selloff, the first State of the Union address from President Trump, the last FOMC meeting for Janet Yellen and now the first jobs report of 2018. Read More
2017 Concludes with Strong December Jobs Report
US Private Sector added 250K jobs in December beating estimates of 190K. The strong ending to the year marked the largest payroll increase in nine months.Read More
Preview of Last Fed Meeting of 2017
The Federal Open Market Committee starts its final meeting of 2018 on Tuesday where its widely anticipated to increase its benchmark rate by one quarter percentage point marking the 3rd increase this year and 5th since the financial crisis. Read More
Red Hot Job Market Records 190K Additions
U.S. private sector businesses added 190K jobs in November which was in line with economists’ predictions ranging from 185K – 195K. November’s additions are down from October where 235K job additions were reported. However, this month over month drop came on the heels of only 18K employment gains in September as workers in hurricane torn areas in Texas and Florida were displaced. The surge in October stems from many of those workers returning to the workforce. Read More
Trading Potential E-Mini Spread Opportunities
The opening bell on November 29, 2017 produced an interesting trade pattern within the U.S. Cash Indices. The E-mini NASDAQ (NQ) futures contract turned lower with a significant amount of momentum while other typically correlated indices, such as the E-mini S&P (ES) and E-mini Dow (YM) recorded new all-time intraday highs. Read More