The improving trend in the jobs picture that is being established is positive on the short term and this sets up the market to continue to gradually move higher.

The Dow30 was up 150 points in the first hour and proceeded to sell off 200 points in an hour as the US Dollar moved up 1.7% Friday. The US Dollar has been on a downtrend since an important bottom in stocks was established on March 10^th dropping from 89 to $74.50 (last week). Any substantial bounce upward in the dollar will have a direct effect and cause the stock market to drop.

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