Thursday Market Wrap 1/31/12

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The S&P landed pretty much on its 10 day daily moving average today. This action has been mind numbing the last few days and unless your playing earnings, there isn’t much excitement.

I triggered ASGN today as it was acting well. This may react to the jobs number tomorrow, good or bad. Tomorrow is a pretty heavy data day for a Friday and we will see the following:

8:30 Non Farm Payrolls

9:55 Final Michigan Sentiment

10:00 ISM Index

10:00 Construction Spending

See you in the morning

Joe