Well the markets took it on the chin today after a very disappointing jobs number. Only 41,000 jobs were added by the private sector while over 390,000 jobs were added by the government, mainly census workers. This economy needs the private sector to hire in meaningful way in order for the recovery to sustain itself. This seemingly is what Wall Street also needs to see in order to think about a consistent appreciable market environment. Unfortunately it looks like volatility will be continuing in a downtrending market. That is not to say there won’t be pockets of opportunity, one just has to be very selective, spread out, and small with entries while building select positions over time.

Good luck to all

~George

Tomorrow could be a crucial day and an inflection point as to where the markets are headed for the summer. A strong jobs report should alleviate some of the concerns going on over in Europe and place the focus back on the fundamentals here at home. A strong report could also instill some traction and stability in the marketplace and give investors  that have been sitting on the sidelines the confidence to deploy back into the equities markets.

Good luck to all

~George

A very nice mid-week rally. Again stability is the preferred mantra in this market and if Friday’s employment report is strong,  not only could we see stability, but just maybe the perfect storm is setting up for the beginnings of a summer rally. Of course any kind of significant negative headline that potentially comes out could put us back to consequential volatility and figuring out what to do next. Nonetheless a welcome sight is today’s market action.

Best of luck to all.

~George