A strong jobs number this morning has the stock market in recovery mode:

Futures jump after report shows nearly 300K jobs added
Stock futures shot higher following the release of the monthly nonfarm payrolls report. The report showed the addition of 292,000 nonfarm jobs, versus expectations for 200,000 nonfarm job additions. Private payrolls grew by 275,000 jobs, versus expectations for 201,000 jobs to have been added last month. The unemployment rate remained at 5.0%, as expected. The labor force participation rate was 62.6%, versus last month's 62.5%. In pre-market trading following the report, Dow futures are 225 points above fair value, Nasdaq futures are 67 points above fair value and S&P futures are 27 points above fair value

With the jobs report out of the way we can take a look at where the market is headed over the coming days.

First - Let's look at some charts:



Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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