Market Summary

The monthly chart of the SPY below shows that the market is above its long term moving average and the next target is the June high of 113.20. And while the bears keep believing that the market should go down the momentum is to the upside. Friday's jobs report, which was worst than expected, was not able to keep the market down and when the market rises on bad new it is a good sign. Click on chart to enlarge.

For the YTD period we now have four funds in the green as the market moves higher. For the week the US dollar was down -1.64% and as the dollar goes down the stock market goes up. How the markets react to a rising dollar we will just have to wait and see. Click on table to enlarge.