THE DIP

Equity futures WERE trading higher before the jobs report but have now flipped to red on the heels of the not as good as expected report. Job losses totalled 190k with the jobless rate falling to 10.2% - the highest level since 1983.

Birinyi just tweeted that historically on an NFP miss market opens down - trades lower than recovers and trades higher rest of day- agree and I that is how I will be playing.

Zero Hedge writing about Fred Hickey and his work.

BESPOKE on the SMA 50 for the various sectors.