An interesting few days lie ahead. the rally is very much intact and
the market remains very much overbought in the short run. The
boyz took profits this pm in anticipation of the jobs numbers to be
released tomorrow. The main impulse for this rally has been
recognition that the economy has been stabilizing after a steep slide.
But, Team Obama has been painting the tape green as well, and
with a positive spin having been put on G20 (big hat, small rabbits),
the team might print a jobs number tomorrow that, although
bad, is better than expected. If you are trading around this rally,
be extra light on your feet over the next couple of days.
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