03 May 2013

SP 500 and NDX Futures Daily Charts - Jobs Report Runs Stocks to the Top of Trend, Gap Down VIX

Stocks are really straining to the upside here and running against the top of the trend.

The reaction to the Jobs Report today was very overdone.

But let's allow the market to take its course, and not try to get in front of it.

I think Wall Street is getting desperate to hand this hot potato off.