Hello All,
It seems as though fund managers will stay on the sidelines until next week as we didn't see an influx of capital, rather position squaring ahead of tomorrows unemployment data. Analysts are expecting roughly 75k jobs to have been added, and on the lower side Goldman Sachs has actually revised their number down to 25k from 50k. Expectations are being set really low, and if they do come in the markets may tumble on light volume; inversely, if we match last months number around 120k jobs it could provide enough fuel to rally above 1230 on the S&P. Time will tell. And the ultimate wild-card will be news over the weekend from Europe, as many of us will be out of town allowing big action for Sunday evening. Tomorrows data will likely lay the groundwork for what we can expect out of the Fed at their next meeting on the 21st. In all likeliness we'll be back below 1100 on the S&P before then, at which point we may get more stimulus to keep us afloat. 3rd times a charm, maybe it'll work this time around.
No trades into the report. Hope you all have a fun and safe labor day weekend.
Best,
Arman Vahdatinia
President, Chief Market Strategist
1-877-338-EXPO [3976] ext. 25
www.ExpoFutures.com
*There is a substantial risk of loss trading futures and options. Past performance is not necessarily indicative of future results.




