Friday's Job number caused a complete reversal. Is it for real or will the bears have something to say next trading week? In the narrow Dow Jones (only 30 companies) - the reversal pushed the index back above the 50 Day moving Average.
However, the reversal did NOT push the S&P 500 back above the 50 day, which makes me remain cautious on the broader market. Watch the next few trading sessions. They could be explosive.
A RAY HOLDEN STORY
Stephen Moran lives in Las Vegas with his beautiful wife, baby Kiana, and two dogs.