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Thursday, March 3, 2016

Market Needs A Goldilocks Jobs Number Fri To Break Thru Major Resistance


One Option Trading Blog http://ift.tt/1p1GGUe Posted 9:30 AM ET - Yesterday the market probed for support early in the day and it held the gains from Tuesday. Buyers gradually pushed stocks upward and we finished on the high the day. The S&P 500 is 10 points away from the 100-day moving average. That resistance level should hold ahead of the Unemployment Report Friday. ISM services will be posted 30 minutes after the open. A number above 53.5 would be bullish and a number below 52.5 would be bearish. Friday's jobs number should come in around 190K. That would be consistent with initial jobless claims numbers the …

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