Trade Setup

Following the stronger-than-expected April jobs report released this morning, the market setup for ASST (and broader equities) leans bullish but cautious due to shifting interest rate expectations. 

Market Environment (May 8, 2026)

The U.S. added 115,000 jobs (vs. ~62,000 expected), signaling labor market resilience despite geopolitical tensions. 

• Stocks: Major indices opened higher; the S&P 500 is trading near 7,383 (+0.63% intraday) and the Nasdaq Composite is at 26,095 (+0.74%).
• Yields: The 10-year Treasury yield eased slightly to 4.36%, as softer-than-expected wage growth provided some relief against inflation fears.
• Fed Outlook: This "low-hire, low-fire" data suggests the Federal Reserve will likely maintain current rates (3.5%–3.75%) into late 2026 or 2027 rather than cutting soon. 

Potential Trade Setup for ASST

• Bullish Scenario (Long): ASST may benefit from the broader "risk-on" momentum following the payroll beat. Key levels to watch on the S&P 500 include the 7,340 support and the recent 7,385 resistance.
• Bearish Scenario (Short/Hedge): If the market begins to "sell the news" due to fears that a strong economy prevents rate cuts, look for a reversal if the Nasdaq fails to hold 26,000.
• Technical Indicators: Monitor volume on the opening drive. In previous 2026 reports, early strength has sometimes been faded by institutions repositioning for a "higher-for-longer" rate environment. 

Check the latest ASST earnings strategies for specific risk-defined setups if an earnings event is approaching. 

Would you like a more detailed technical analysis of ASST's current support and resistance levels?