On Hold

From my perch, it seems like the market is on hold for the jobs report. I also keep hearing rumors of an "emergency rate cut" for what it is worth. Fairly typical to hear those things when traders are positioned poorly.

While the market didn't do very well today, there were some good movers within my stock screen machine. Pull up the charts of Fmc Technologies (FTI), Geoeye (GEOY), Foster Wheeler (FWLT), Suntech Power (STP), Terra Nitrogen (TNH), and State Street Corp (STT) when you get a chance.

At this point, I don't have any solid feel for how the market may react to the report tomorrow and so I'll be a sidelined observer only. See you after the report!