Indices 2/10, page-280

Good news is bad news on the stock market. But sometimes, we get gamed, good news is good news for the stock market. So it was last night.

Overnight: Jobs Report better than expected. Dow flips early losses into big gains. Sydney Futures up.

Dow Jones +0.87%. SP500 +1.18%. Nasdaq +1.6%. Small Caps +0.56%. Banks +0.75%.

SP500.

Last night created a bullish engulfing candle, which, coming at the low end of a down trend, probably means the end of that down trend.

Short term, the candle finished above the Supertrend (10/1) and the 8-Day EMA. That usually means more upside.

For now, the short-term trend is up - stay with the trend.

Commodities.

Commodities Index +0.38%. Energy +0.05%. Base Metals +1.05%. Agriculture +0.65%. Gold +0.52%.

Sydney Futures are up +0.83% - that augurs well for the ASX on Monday.

Good luck.