Market update 4/2

Major Stock Indexes (4/2/09)

	Last	Change	% Chg
DJIA*	7978.08	216.48	2.79
Nasdaq*	1602.63	51.03	3.29
S&P 500*	834.38	23.30	2.87
DJ Total Stock Market*	8500.79	258.20	3.13
Russell 2000*	450.19	21.03	4.90
Global Dow	1440.06	4.51	0.31
Japan: Nikkei 225	8769.72	49.94	0.57
DJ Stoxx 50*	1928.29	92.15	5.02
UK: FTSE 100*	4124.97	169.36	4.28

The market continued its bullish move up. Today marked the end of the G20 meeting, the Dow closed above the 8000 mark, and  Mark-To-Market accounting will be suspended.

The market seems to have strugged off the bad ADP employment numbers. Tomorrow (Friday 4/3) will be a big day. The unemployment rate will be announced at 8:30am. The consensus is 8.6%. Let see what the number will be. It is likely to be horrible. It is uncertain how the markets will react. I will look at the futures premarket. I have a few IWM puts open. Those puts are loosing money and I will get out of these regardless of how the markets does.

I think that the markets are going higher and will take opportunites to get long on any pull back.