Once again the stock market is looking toward the monthly jobs report for evidence of the labor market's improvement. After a sharp, two-week bounce from the stock market's March lows there is a chance that traders could use the news tomorrow as an excuse to take profits. Then again if the results are better than expected it could easily kick stocks higher.
I will be curious to see if stocks rally into the close or do they sell-off into the closing bell. How willing are traders to hold positions over the weekend? Tomorrow's market direction will most likely be dictated by the jobs data, which comes out before the opening bell.
I am not adding any new candidates tonight as we wait to see wait to see the jobs number.