At-a-Glance
Today’s Top Highlights
Today marks the last day of the month of September and the last day of Q3, which can often add volatility into markets. Along with that, there were several important economic reports that came out today that added to the mix in price action across the board. Today, Consumer Confidence and PMI came in worse than expected while JOLTs came in better than expected, and the equities were able to finish the quarter on a positive note continuing the momentum higher headed into Q4.
In a similar fashion, Gold traded higher today from the data release and hit a fresh all time high price. Gold is now showing an RSI reading of near 77, which is technically “overbought” territory, but this market has been in this position many times so far this year and has continued to go higher. Tomorrow traders will see the U.S. ADP Nonfarm Employment Change, which is the lowest projected print since Feb 2021, and an outsized number higher or lower could add strong volatility into the market starting off Q4.
Also, don't miss the upcoming webinar titled “What Are Futures And Options and Why Should You Care” on October 8th at 10:30 CT to learn the fundamentals of futures and options trading and how it can be beneficial in your portfolio!
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