The Nasd futures key resistance pre-number is 1841.25, that is the turn down point if we have a negative number. If things pop instead on good news, the 200 day MA up at 1862.25 will be in play.

Well the S&P never made that trip back to the daily resistance line, and has held up or keeps advancing right into
this mornings “jobs” numbers. Currently we are now trying to muscle through the longer term “heavy” line at
1088.00-1089.00 area, and as any “heavy” line, we can get above, but it should struggle to stay above. This
mornings number should have something to say about the success though of that technical set up. We have
talked about the lack of two way trade these days, and that may be why were not getting some of these swings,
but as we stand now, the market is implying no sign of double dip recession, or at least not near term, and the
successful hold above the daily support line supports the “bulls” for now.

The Bund has cracked off finally, having been the stronger of the interest rate products. The daily support line at
132.88 held things up yesterday, but the Bund has begun to break through now today.

The Dax futures had a nice rally yesterday printing a 6088.5 high and this morning has advanced that high to 6097.5.
They came through the daily resistance line as if it was not there, which today is at 6032.0, and I expect a visit back
down to there at least once.

The Nasd like the S&P enjoyed a nice rally higher, and put in a high at 1825.00. The index was able to break through
the daily resistance line, which today resides at 1808.00, and maintain above there. I am looking for a visit back to
that line at some point, and if we can get below 1819.50 this morning, that may be the first signal that they are on the
way. Longer term resistance now comes in at 1840.00, and I do not expect much action above there initially.

The S&P blew through the daily resistance line, and is maintaining above there for now. There is enough
downward energy though that I expect a visit down to that line, today at 1069.00, at least once after this initial
piercing. Use 1079.50 as resistance to keep that thought in play. The high, a double high now with this morning
is 1082.50, above there and we move toward the 1086.00 longer term “heavy” line, and this is where I believe the
upward energy we have seen begins to dissipate. So the basic parameters are 1086 down to 1069. There were a
lot of shorts in this market which helped fuel the over extension, and the Bond – Note complex deflated off their
highs, first time in a while, and we probably received some rotation from out of there.

The S&P futures opened with the sellstalk shut off, and thus rotates sentiment to bullish, and has the daily
resistance line, 1065.75, as the initial target. If we get up there, it is possible to get above, but looking at the
technical downward action still in play, we should not be able to maintain above there, or treat as a “heavy” line.
We are divergent above 1058.75, so we may get pulled back under there by the open, and support begins at
1056.75.

The Nasd futures sellstalk has also shut off today, and the sentiment shifts with that change to bullish, and the initial
upside target is the daily resistance line which today resides at 1805.50. If we get up there this level should be
resistance or act as a “heavy” line, unable to stay above there with too much success at least initially.

The Euro has had a strong move up today, and was able to get above the daily resistance line, however there is
still some downward energy in that line, and although we have been as high as 128.45, we may have to revisit that
line before we pass go.

The Bund closed with the buystalk shut off, the first time in a long time, however the low of the pullback was 133.25,
and the target, the daily support line was further down at 132.55. So the future did not come near there, and appear
today now to be back on the move toward the 134.73 high, by putting in a 134.33 high thus far today. The Bund is the
strongest of the interest rate products, and the “bulls” are still in command.