Market Direction Weekly Closing Numbers

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The economy

The economy added 242,000 jobs in February, well above the 195,000 expected, according to Bloomberg. The unemployment rate remained 4.9%, as expected, and the underemployment rate fell to 9.7%, the lowest since May 2008. Despite edging down 0.1% in February, wages rose 2.2% over the past year. That's slightly above the 2% average wage growth during the expansion but also suggests inflation remains low.

After this week the technicals are markedly different (i.e. more bullish) than they were compared to mid-February. It’s worth noting that all of the major U.S. indices are trading below their respective 200-day SMA’s so the bulls don’t necessarily have an “all-clear” signal. However, at this point the onus has shifted over to the bears (from the bulls) to prove that the prior “recessionary fears” are warranted.

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By the numbers the weekly closing index numbers compared to the initial sign-up and subscribe recommendation closing numbers: 

Stock Market Closing Numbers
compared to Recommendation Numbers
	?/?/?	?/?/?	Variance
Dow Jones	?	?	?
Nasdaq	?	?	?
S&P 500	?	?	?