6.05.2009

PRE MARKET RIP


Equity futures are ripping higher on the heels of a much better than expected jobs report- May NFP down 345k vs. an expected -520k.


ES +16;

NQ +16;

YM +125;


And the bad news - the dollar down at 79.335 and the 10 year note at 3.88%- and up about 17 bps.


Futures RSI (2) levels:


ES 87

NQ 99

YM 93

TF 96


Not ready to short and not ready to buy - so will sit and watch-



How is that CDS index performing?


The unemployment numbers - how good are they?


BESPOKE on the 30 year Mortgage note;


VIX +MORE on the SMA 200