We got our two way action early today. All it took this time was for Greece to cancel its referendum on accepting a bailout and we closed on the high. We rallied 50+ S&P points from the overnigth low. We have the monthly jobs report in the morning, which will help to set the tone. Expectations are low, and a poor report probably won’t have as much impact with hints of QE3 if we falter too much. Technically, we are heading into some resistance at the 200-day simple moving average on the S&P 500 at 1275 and then the recent highs at 1290. We are running a bit hot into the jobs number and some early weakness will not surprise.
