Stocks are pointing higher once again, as the S&P 500 (SPY) and Nasdaq 100 (QQQ) are positive in pre-market. And similar to days past, buyers are likely awaiting pullbacks.
This motion will likely get a jolt on Friday, though, as the monthly jobs number is released in the pre-market morning hours.
So as we move closer to Friday’s jobs number, traders may want to tighten up and even out a bit.
The current move higher into the jobs number has formed a mild divergence and come under low volume.
Bulls do not want to see a poor number here, as it could reverse the action sharply. Even a good number may do little, as the number may well be priced in.
Until then, we follow the trend with stops – watch your size.
Stock Market Futures Update – April 3, 2019
Twitter: @AnneMarieTrades
The author trades stock market futures every day and may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
