Futures Spike Up After Jobs and Unemployment Reports Come in Above Esitmates...

BMO – ES +12.00 and NQ +23.75 futures are higher 20 minutes before the open in pre-market trading and point to a higher open…volume is heavy for pre-market with many more stocks quoting up than down…Financial stocks, XLF is up 21 cents on 708,400 shares in pre-market at this time…FAS is up $3.61 …

New jobs came in at 243,000 and the unemployment rate 8.3% in January, both exceeded estimates of 150,000 and 8.5% respectively…

TLT is down $2.38 and the Euro is down 54 pips overnight trading …

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

Dave’s Insight for Friday:  Lower Euro…lower bonds… Financials up…setting up a higher open following better than expected jobs and employment reports … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for bounce continuation and follow your rules for stop adjustment or exit…the intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – TLT, FAZ, VECO, INFA, MOS, WYNN, MNST, VRTX, RIMM

Quoting Up – GOOG, PCLN, GILD, ISRG, CMG, FAS, CF, GS, UNP, CLF, ICE, CAT, SINA, IBM, SOHU, CRM, FFIV, URE, ATI, WLT, HUM, VMW, LNKD, DE, NKE, SWK, FCX, SLB, TIF, GES, CSTR, C, ANR, TBT, HAL,ANF, COH, SNDK, V, X, MCP, CREE, SWKS, GRPN, STI, DOW, POT, RCL, RVBD, GLW, JNPR, DHR, CIEN, BAC, ARUN, BIIB, AAPL, ALXN, BIDU, FOSL, FFIV, INFY, AMZN, FSLR, WFM, PAYX, EXPD, PNRA, COST, GMCR, SNDK, NFLX, ADBE, DTW, BRCM, ADP, NUAN, ORCL, ORLY, EBAY, STX