The major stock market indexes have all rallied higher after an early decline around the 12:00 pm EST. Many traders and investors are looking forward to the government job report on Friday. This morning before the opening bell APD released their payroll report and the report showed an increase of 217,000 new jobs added to the economy. The past two payroll reports by the U.S. government have been disappointments when compared to the ADP job reports.
We shall see what this non-farm payroll report says by the government on Friday. It is unlikely that the government will publish a bad report for the third straight month. Economists are expecting the government report to have over 200,000 new jobs added for the month of February.
Today, oil is trading around $102.00 a barrel. The high price of crude has certainly been a negative for the markets, however, the markets are bouncing back up a little higher today. Rarely will the markets drop sharply for two consecutive trading sessions after a high volume decline like we saw yesterday. Generally, the next trading session is much more subdued and the markets will usually retrace up a little from the prior day’s declines. That is exactly what we are seeing today. 
Nicholas Santiago
InTheMoneyStocks.com
