200K New Jobs, 8.5% Unemployment, Futures Point to a Higher Open...

10:30 am ET - Setups - look for your entry signal
Breakout - WDC, MON, SNDK, ESI, STX
MACD Divergence Potential Double Bottom - CRM
MACD Divergence Diagonal Breakout - AMZN
Higher Low Potential Reversal - VMW
Channel Support Bounce - LEAP, NTAP
Bull Flag - GOOG




BMO – ES +4.50 and NQ +5.50 futures are up 20 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with many more stocks quoting up than down…Financial stocks, XLF is up 2 cents on 248,900 shares in pre-market at this time…FAS is up 41 cents…

TLT is up 11 cents and the Euro is down 39 pips overnight…

NDX leaders AAPL, AMZN, BIDU, GOOG and PCLN are higher…QCOM is lower…

Dave’s Insight for Friday:  lower Euro…flat bonds… Financials flat…setting up a slightly higheropen …the Euro is lower overnight and is at its 1.27 support area …Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

After two pause day the SPX is starting higher in a moderately positive reaction following a better the expected Jobs Report and lower Unemployment…SPX did breakout of horizontal resistance on Tuesday and is holding above that new support area…volume continues to rebound from light holiday trading last week…

Chart Signals will be watching the Euro to see if support holds and the VIX to see if it stays below 25...XLF and TNX today as key factors in the SPX bounce…

SPX

Resistance: 1,277, 1,292, 1,300

Support: 1,260, 1,249, 1,230

Quoting Down – TPX, SWKS, CSTR, POT, GILD, FAST, SHLD, GMCR

Quoting Up – WLT, CRM, CLF, SNDK, FFIV, MCP, LNKD, V, CAT, DE, RVBD, CF, SINA, UCO, GOOG, AAPL, APOL, CERN, PCLN, FFIV, BIDU, WYNN, ISRG, CTRP, AMZN, VOD