Good morning. Futures are a touch higher, sp +2pts, we're set to open around 1942. Precious metals are similarly higher, Gold +$2. Equity bulls look set to end the week in full control of the market.
*monthly jobs: 217k net gains, headline rate, 6.3%
Arguably, it is a Goldilocks number.
8.35am.. sp +4pts... 1944/45....so..we're in the zone I was noting yesterday, as a valid day-trade short...hmmm
8.44am...market seems likely to open with moderate gains..somewhere in the 1945/50 zone.
As things are, I still suspect a reversal, but I have little interest in trading it. The setup is good - from a cyclical perspective, but...market momentum is so bullish.
*notable early weakness, BTU, -1.8%.