Bulls on Parade

Even the bulls were surprised by the market rampage following the better-than-expected monthly jobs report. Expectations had come down following the very poor ADP employment report Wednesday and that caused a mad scramble for more long exposure when not only the April numbers were well ahead, but prior months were revised upward.

Market players were already struggling to keep up with this liquidity-driven move that never seems to offer any easy entry points, so the big gap-up this morning caused quite a bit of additional frustration. In a normal market, that sort of open would invite selling and profit-taking, but in this environment it just creates a huge supply of potential dip-buyers who help keep a very strong big under the market....850 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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