Morning Look 5/3/24


Dow futures and other major stock indexes extended their rallies in premarket action Friday after the Labor Department’s weaker-than-expected April jobs report.

The US Dollar and Treasury rates are currently going lower on the news.

The market likes this news, as bad news is good news.

Gold and oil are trading flattish right now.

A follow-through day today that sticks would be a great thing.

SPX, and QQQ at or very close to their 50-day moving averages in pre-market.

Russell (IWM) is through the 50-day MA as I write.


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