Futures are higher this morning, recovering from yesterdays pull back from record highs. These pull backs remain short lived and until that changes, trading for downside should be a short lived endevour.
Stock futures plunged after the Jobs report on Friday.
Today the market realized that bad is again good - It recovered Friday's losses and for good measure proceeded to rally an additional .6%.
It was the second consecutive Monday rally. Last Monday's rally was swiftly negated the following trading session. Will tomorrow see stocks suffer a similar fate?
S&P500 Futures RED Friday and GREEN Monday: