DAY 17 — Jobs Surprise = Tighter Conditions: Trade Confirmation

What’s trending today

Jobs came in stronger than expected (January Employment Situation released this morning), and the USD caught a bid as rate-cut expectations cooled.

Next big catalyst: CPI Friday, Feb 13 at 8:30am ET.

Live snapshot (today):

• SPY 693.11 (+0.14%), QQQ 612.14 (+0.11%) = equities mixed/flat after the data.

• Dollar firmer after jobs beat; Reuters notes the dollar jumped as payrolls beat expectations and unemployment fell.

• Gold and silver still strong: GLD 466.59 (+0.91%), SLV 75.96 (+3.47%).

• Crypto risk-off: BTC 66,097 (-4.7%), ETH 1,917 (-5.2%).

What it means:

When jobs surprise strong, markets often reprice “higher-for-longer” risk and the dollar firms. That combo tends to make crypto more trap-prone intraday.

How to trade it today:

Don’t chase the first bounce in BTC/ETH.

Wait for break + hold (hourly close > level is stronger than a wick).

Trade smaller until the market calms down after the data.

Remember CPI is Friday (another volatility day).

Question: Are you trading smaller today, or waiting for confirmation before taking any setup?

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