We’ve been used to the bad news is good news meme for such a long time, it feels weird to even type that. That’s the reality, however, when investors are already counting the days till the Fed’s easing cycle and we get 528,000 new jobs instead of the 258,000 expected.

The tightening might just have to last a little longer than the bulls have suggested.  Though, the efforts being made to lower oil prices are bound to start paying dividends in the longer run. CL reached our next downside target. Could this slide turn into something real? Could ES do something so drastic as drop below its 10-day moving average? Can VIX survive the usual 9:30 smackdown?

continued for members…

RB can’t be done yet.It’s definitely heading the opposite way from TNX this morning.Could VIX actually pop above its SMA10?

Things are so extended on the upside, there’s plenty of support below current levels. But, this is the sort of macro news that could potentially upset the apple cart – or at least require TPTB to come up with a different excuse for a record-breaking rally.

Although the euro is tanking, so is the yen – net net adding pressure to stocks. Gold and silver are both backtesting their recent breakouts. While, BTC is still backtesting the SMA200 it fell back below.Stay tuned…