Markets have been a bit more volatile in the last couple weeks. Today's job numbers was taken badly and may indicate some Monday downside. The trend is still favoring rewarding the bulls with a better chance than even the market will see higher prices. However, there is a test on the downside yet to come with the SP500 spot testing 2000. A broad failure there would be the end of the secular bull trend of the last six years. An offense strategy right now would be to dump stock positions in the coming days and wait till there is some recovery in interest rates since the current sell off in the bond market is an indication there could be a large hole below the waterline. Interest rates should be going up to meet the Fed tightening and they are doing just the opposite. Gradually higher rates would ultimately bring new stock market highs.
