Charts SYSTEMS

[gdl]

Not at all. In fact the report was too good. Wall Street will not like this one bit going forward. in fact the futures market was down after the report came out. Not only was last month good, the prior two were revised up. wage component went way up these last 2 months with a total 1 percent move higher. hours worked, GDP, reaction from the dollar and rates all pointed to a believable report.

This report is very bad news for the market long term. The Fed will taper, and soon, if the next month shows 200K or more.

Lets remember that this market doubled in 4 years because of weak economic numbers. if rates rise its all over for this current bull run.

I place the odds of continued upward movement is slim. technical are not good, major top of move is seen with many technicians. if the market fails to follow thru here it should fall over quickly.

we should have another roller coaster ride soon.