Job Growth Better Than Feared

Today we'll see if the number was good enough to excite buyers at a major support level.

PRE-OPEN MARKET COMMENTS FRIDAY - This week the selling pressure has continued. Yesterday the market broke below the 200-day MA and it's lost 7.5% in the last few weeks. The path lower has been bumpy, but that should be expected in the early stages of a trend reversal. Buyers are still conditioned to buy dips and that causes the bounces. Shorts are also timid because they don't want to get trapped in a snap back rally. As the trend reversal gains traction, buying subsides and the selling pressure accelerates.

Daily Bulletin Continues...