Post-market Wrap (recording & summary)

Unfinished business below at 1921.00 was met. The delay was compensated by extending to 1912.00, probing it by only a couple of points when there was potential for 1907.00. Optimism?

The break under prior lows to satisfy 1921.00 waited until the last half-hour. Optimism?

Post-open action didn’t extend higher, but it did gap up. And that was after probing substantially into positive territory overnight, greeting the Payrolls report firming, and then reacting up to the number. Optimism.

Friday’s late break lower originated too late to confirm that optimism is dead.  But it’s an ugly close, anyway. Other than China possibly bottoming already, it’s difficult to imagine Europe’s opens not immediately discounting what has developed since their close.

Join us for the Saturday Review to game the possible paths for Sunday night and Monday’s opens.

Details and other markets coverage are discussed in the post-market Wrap recording here.