April

We are in April now, which is said to be one of the traditionally bullish month. Q2 results are in season now so we shall see if stocks can still go bullish. On Friday, Gov announced that non-farm payrolls increased by 162,000 in March. So we may see another rise on Monday. Are jobless situation improving? I think still waits to be seen as people will digest it during weekends.

The payrolls increase was the largest since March 2007. About 48,000 temporary workers for the decennial census were hired last month, less than some anticipated, while private payrolls jumped 123,000.

"The real surprise is the low number of census and temp workers, slightly more than half of the 162,000 gain in March. Traders and investors will see this as a good sign once they digest the figures over the weekend because permanent hiring was much better than anticipated," said Schoenberger.

Chart looks like a consolidation still.

STI broke resistance. http://cclor.blogspot.com/2010/04/sti-broke-major-resistance.html