When I look at the fundies (bottom-up valuation of key individual names) and the technicals, I do not see a market that is driven by optimism or euphoria.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJ4PS6zorxe6y04rHC9-hRrpzlq_SLd7x058GE6m1Ou9Cgaa0V_kT9mCBFNsWeqrHZCkjp3aO5-Q_L6ayfnfI7u-cmPUYo0EO7U7gRWIz3cazqyk9mgmEu2gOLwPOd5R4TQ1bBdUYJKZM/s400/sc-1.png)
On a weak jobs number, the market may very well retest the 320SMA. On a stronger jobs number, it may very well test 1150, if not higher. (It should not re-test the 1020 low because there is no longer a fear of Europe or China collapsing.)
NOTE on MF:
The stock closed in a bullish position. Regardless of how the market reacts over the next few days, I will look to add on weakness. (I just do not know if we will see any until 9ish)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYTxz9PRUigUKdufVqpi54810aViI9Voc1w-OyJGgFQmdR_X8vg1hCe7TuVARC6fOiqUQVoXHx38fytmLwWBtAsT8g-zH3Ymg4GI1mcIIyaG2C07hAjSE-Oe9yA_v2tn8TBWJmSCNK-Mg/s400/sc.png)
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