1/11 Employment statistics turn to a decline

Nice to rely on you again today.

This is ERE.

*This article does not indicate or recommend trading timing.

Please make your own investment decisions.

The US employment statistics released at 22:30 on January 8th Japan time have finally shown a decline for the first time since the peak of the COVID period.

Considering that infections were spreading during December winter, and that layoffs related to the election occurred, the situation of course is not good.

On the other hand, the stock market moved overall modestly weaker from the release through the morning in New York, but in the close it has been making new highs.

It is assumed that profit-taking selling was done and expectations for fiscal policy were strengthened due to the worsening employment statistics (also called market urging).

Speaking personally about my own position, as I wrote in the January 8 article, I added to my position since it reached 30,800.

I also tried a blue horizontal ray, but it rose smoothly and when I placed a stop at the breakeven price, this became a breakeven stop.

Afterward, I took a position when it touched 30,800 and reversed.

Because the neckline of this trend has been raised and is assumed to be at this position, I still hold from below, but I have raised the stop to below 30,800 to secure at least 900 pips of profit.