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.
Stephen Moran lives in Las Vegas with his beautiful wife, baby Kiana, and two dogs.