Non-farm payrolls indeed came in above expectations, and well above so. That's why I think we're not getting any buy-the-rumor-sell-the-news reaction that would improve the risk-reward ratio of a newly opened long position.

The message the employment data tell, is a broadly positive one, making it justified to reenter on the long side right now (we won't likely get a sizable correction soon).

Trading position (short-term; our opinion): long positions (100% position size) entered at market (that's 3150 currently) with stop-loss at 2580 and the initial upside target at 3400.

Thank you.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.