May 052013

CL 03-13 (1 Min)  1_31_2013

1/31/2013 Weekly Unemployment Claims (0830 EST)
Forecast: 362K
Actual: 368K
Started @ 97.49
1st Peak @ 97.41 – 0831 (1 min)
8 ticks

Reversal to 97.62 – 0839 (9 min)
21 ticks

Notes:  Report came in slightly worse than the forecast by 6K jobs, causing a dull and unsustainable 8 tick reaction on the :31 bar. Since the market was already testing the LOD and the S1 Pivot, it reversed for 21 ticks in the following 8 min to just below the 50 SMA. With JOBB, you would have filled short on the :31 bar at 97.42 with no slippage, then seen it hover in the red within a few ticks of our your fill position.  With a result close to the forecast, look to exit near the break even.