Pre-Employment Report Strength

Good question from a subscriber today inquiring about the S&P500′s performance on the day of the Employment Report release (Friday) when the market has posted consecutive strong up days just prior to the release. The table below details the S&P’s performance on ‘Jobs Report Friday’ when the S&P has gained at least 0.5% on the two sessions prior to the report. The results are pretty encouraging for bulls, with 13 out of 17 occurrences since 1994 leading to further gains and no losses greater than 1%. This goes into effect at today’s close as long as the S&P closes up more than 0.5%…

S&P500 Gains 0.5%+ Two Consecutive Days Prior to Employment Report
09/03/10… S&P500 +1.3%
04/03/09… S&P500 +1.0%
12/07/07… S&P500 -0.2%
02/02/07… S&P500 +0.2%
06/02/06… S&P500 +0.2%
11/05/04… S&P500 +0.4%
07/03/03… S&P500 -0.8%
02/01/02… S&P500 -0.7%
01/04/02… S&P500 +0.6%
12/03/99… S&P500 +1.7%
11/05/99… S&P500 +0.6%
07/02/99… S&P500 +0.8%
08/07/98… S&P500 -0.0%
04/03/98… S&P500 +0.2%
10/03/97… S&P500 +0.5%
07/03/97… S&P500 +1.4%
08/02/96… S&P500 +1.9%

Categories : Archived Intraday Commentary, Intraday Commentary

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