A few minutes ago the labor released the employment numbers for April. Yesterday on Mad Money Cramer expressed great concern for the market if the numbers were not good. The numbers were not so bad but not as good as March and the lowest in 7 months. The futures are down as a result. Dow -90, Nasdaq -21 and the S&P -12.
Since it’s Friday, Expiration Day and with less than great employment numbers, I’m not looking for a good day. And remember it is May. Please read my Message of the Day, both today’s and the message of May 2nd.
Be very careful! Stay disciplined! No deal is better than a bad deal!
Steve
The Options Coach