CL 03 12 (1 Min) 01.06.12

1/6/2012 Monthly Unemployment Report (0330 HI time / 0830 EST)
Non Farm Jobs Forecast: 152K
Non Farm Jobs Actual:200K
Previous Revision:-20K to 100K
Rate Forecast: 8.7%
Rate Actual:8.5%
Previous Revision +0.1% to 8.7%
SPIKE / REVERSAL
Started @ 102.57
Peak @ 102.98 – 0331 (1 min)
41 ticks

Reversal to 102.51 – 0332 (2 min) / 102.30 – 0342 (12 min)
47 ticks / 68 ticks

Notes: Mostly positive report exceeded the forecast with jobs and the rate, but disappointing previous revisions and the false rosy rate figures caused a relatively meager spike and follow on immediate and larger reversal. This is the second month where the Labor Dept is cooking the books, and the markets continue to see through it. Try to close out with just a handful of ticks on the 0331 candle.