U.S. April Payrolls Fall 20,000

Good morning. A better than expected jobs report and news of more Fed action to increase liquidity into the financial system top this morning's headlines. Premarket futures are in rally mode along with continued strength in the U.S. dollar.

Premarket gainers: MFLO, BPHX, YHOO, PHTN, HOLX, VNDA, IDTI, SCOR, NT, BEBE, AVNX, CELL, BBD, JRJC, DRYS, CTRP, ETFC, KBR, IDTI, PLCE, RIMM, and BUCY.

Premarket losers: SWIM, JAVA, BOOM, MSTR, DSCO, EVVV, N, LAVA, CBLI, ERIC, WYNN, and MICC.

At 10:AM we have the March factory orders, but it probably won't be a market mover.

Today we'll see how much pent-up enthusiasm there is for buying stocks following yesterday's breakout and looming overhead resistance now with a better than expected jobs report. The key today will be to see what they do with the gap at the open and how much institutional buying comes in (i.e. volume) following this news.

Have a great Friday!