Positive futures before the job data

U.S stock market futures traded higher before the opening bell. Currently, DJIA up more than 100 points. The job data will become the main focus of today’s trading session. U.S non-farm employment is expected to add 480k jobs with an unemployment rate of 4.8%.

Aside from the job data, traders will focus on progress of stimulus talk.

Asian & European Stock market

The Asian stock market continues higher today. Japan stock market down 58.13 points (-0.22%) to 26,751.24, China stock market up 2.45 points (+0.07%) to 3,444.58 and Australia ASX 200 up 18.80 points (+0.28%) to 6,634.10. The European stock market cautiously higher. DAX Germany down 0.10%, UK FTSE up 0.84%, and Euro Stoxx600 up 0.30%.

Technical Analysis

Dow Jones Industrial Average (INDU)

We have no breakout above the 30,000 until today, the index continues its consolidation and waiting for the trigger to move. The upside might be limited and the index might close the week near 30,000 same as the previous week. Traders could continue to hold long positions in equity for now.

Rollins Inc (ROL)

If a bounce will happen in ROL share prices then it should happen at the current level. Traders could see ROL share prices are trading near the bullish trendline and waiting for a reaction. A bearish breakout will confirm a switch to a bearish trend and ROL might target the level around $52.5 then daily SMA 200.