Close To Claiming Bottom

Why wait for the Job's report? A run on the NQ100 made the tech specs as happy as a repriced stock option. Bargains abound in this Fed led environment, so it is believed, and managers are not going to miss a chance to look smart. With launch mode indicators on green, a powerful rally on Friday could leave the bears all but beaten. But you never know how these things work out and the NQ100 and the SP500 stopped just shy of the Jan 4 bear close. A run away reversal tomorrow on the other hand would validate the current weak market internals. But let's face it, the bears have their backs against the wall and will get little help unless today's rally was just a blow off top from the mid January lows.