Jobs Number

Good morning, RES on S&P is 915.00 917.00, SUPP 893.00 891.00. Both these levels held yesterday. The oil group of stocks found support yesterday and rallied the last 45 minutes of the day yesterday. This number this morning is huge, even if it comes in line. Trades before 10:00 am should be scalps only. A trend should develop after that.In order for market to gather strength we have to get above and close above S&P 950.00 at the end of January . A break below 850.00 would be worrisome and suggest more downside. Keep your powder dry. Also you should be watching industries as groups on your screens , so you can scan leaders and laggards ,and then go after stocks in those groups. Stocks that are trending with market are the stocks you want to focus on.There is a ton of information out there, so you need to concentrate on your screens and listen to the live feed to give you the heads up on trades. Erics list gives you a head start. You have to teach yourself to do many things at one time. The easier you can use your platform:meaning setting it up with quick buttons the more trades you will be able to watch. Intese concentration is a must from 9 to 11:30 and from 1 till 4. Relax and lessen your focus at lunch, and keep your fingers off the buttons unless it is very compelling. Allow yourself to be flexible , read the market with the charts and the profitable trades will come. I find that 5 and 15 minute charts are easiest to watch with brief scans of dailys to see if you are at major support or resistance levels.Above all hold your temper and stay positive. No person has ever had a good golf round with negative thoughts. Have a great day. Regards, Frank