Futures Higher Ahead Of Jobs Report

Each month it seems the jobs report gets more and more important. And as crazy as it sounds, this month’s will be even more important and here’s why. Last month’s numbers got better than the previous – really the first step in the right direction. Hence if we see continued growth in jobs then the bulls will go crazy and buy up everything. If not, then it just re-affirms that the worse is not over and the market will begin to sell off.

As you look at the daily chart above, consider on thing. If we think jobs are going to be so much better in the future then why have we stopped below the recent highs? Why not just continue to push the market higher and higher? Because everyone is scared and knows that jobs are continuing to be lost – whether the government stops counting them or not.