When the Jobs Report Sparks the NASDAQ to Rally to a New High

The employment report was the catalyst for the big rally Friday, and the NASDAQ closed at a new high. The study below looks back at other instances where the NASDAQ spiked higher and closed at a new high on the day of an employment report.


Employment-sparked momentum leading to new highs like we saw on Friday has seen positive short-term follow through in the past. This certainly appears worth keeping in mind as traders ready for next week. For a list of instances, you can check out the last time I published this study on the blog (3/9/2018).


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