Futures Lower After Job Loss Greater Than Expected...

3:10 pm ET - The SPX made it low of the day in the first 5 minutes of trading...the SPX touched 1, 019.95 after the release of the worse than expected jobs report...since that time the SPX has traded higher reaching the intra-day high of 1,030.60...currently trading at 1,027.51...Several stocks have bounced since the open...AAPL +4.90...WYNN +2.38...PCLN +1.40...FCX +0.46...HANS +0.39...MRVL +0.22...FSLR +6.20...BIDU +3.95...IVZ +1.19 9:40 am ET - The SPX opens lower and moves up from low...as I mentioned last night in my webcast...perhaps a worse than expected employment report, which ocurred this morning, pushes sellers to dump stocks and create a capitulation bottom to this pullback...we'll see as the SPX hits 1,020...AAPL is +2.35... BMO – ES -11 and NQ -13 futures are lower in pre-market trading after the Labor Department reported that 263,000 jobs were lost in September above expectations of 180,000. The unemployment rate rose to 9.8% inline with expectations. AAPL +0.83, GOOG -3.83 and BIDU -3.02 are mixed in pre-market trading. SPX Support = 1,025…1,017…1,007 Resistance = R1 = 1,044 Look at these Charts… (click image to enlarge) At the Open on Friday SPY – QQQQ – AAPL – BIDU – GOOG – PCLN – ISRG – BDK – CAT – DOW – FLS – FWLT – WHR – X – JOYG – PCP – AXP – BAC – FAS – SPG – ZION – WLT – FUQI – PWRD – FCX – CAM – NKE – ARO – GES – FLIR – UAUA –