Morning Note

Good morning :
As seen below the intra-day of the SPZ, it stayed in that same range (chart in the PDF ) of 825-850...will the Payroll numbers finally break us out of this zone?

All expectations are a move to at least a 16 year high in the unemployment rate; according to our Barry Ritholtz “Would anybody be shocked if the non-farm payroll number even was in the high 600k level?” His range is 600k-700k, but better or worse is irrelevant. (also published on his blog, The Big Picture).

For us we are looking to see if the news is the catalyst to finally break out of the range-bound trade.

posted by Peter Greene