The DoW target is signaled by the futures traded by the Fed primary dealers in London around 4 am. Very clear indication of strong pump. The "taper" BS is just that BS for the masses.
The Future was up 45 this morning around 3 am.
The jobs data is no longer leaked to democrat governors. You can believe that
The POMO welfare for dealers starts at 10:15 - They know their profit by 10:30
Italy has been blowing up and they need to cover those bond losses (I'm talking the lenders, the Italians can go pound sand).
You can use the London/Paris day trade margin as collateral to increase your FED leverage after they close at 11:30 am
You get the discounted Treasury bonds from Citicorp Lew at 12:30
The algos take care of the rest as they feed overpriced paper to the ETF's.
Enjoy your centrally planned market and your high unemployment.
There used to be rallies and drops. Now there are rallies and stops. The marketts simply hit floors. Todays jobs report was a joke. How many times are they going to tell us that 75% of all new health care jobs are ambulance drivers?