How Do You Spin It?...Jobs Report

Mohamed El-Erian, Pimco CEO and Co-CIO states it best..."Glass half-empty or half-full", depending how you take the data. Yes things are improving, in March 2009 we had -700,000 jobs, now March 2010 +100,000 the direction and improvement is correct, but it is tepid. Most are temps not permanent longterm jobs. Take a look at the data from BLS- Unemployed persons by duration of unemployment. Note those 27 weeks & over are up, not good news.

Back in August of last year Itz posted this blog on the $VLE Valueline Arithmetic Index >>LINK Small Caps have lead the way since March. Now the $SPX is getting close to hitting resistance @ 1200.

We could see Small Caps $RUT of IWM sell off as money shifts allocation to the Big Cap stocks. If so consider shorting via Proshares SKK.

The markets rallied in the shorted holiday week, with commodity stocks leading the way. The dollar declined back under 81 and the Euro ran back upto the trendline. There maybe further upside for the Euro as the US market has only a few percentage points before hitting 11,000 DJIA & 1,200 S&P500 psychological levels.

Oil...finally broke over $83 and hitting $85 per barrel...with its site set for $90+.Itz Stock Chartz has been calling for oil to ralling to that level for some time now.  >>READ   >>READ