4.02.10

4.02.10

            The biggest event of the week happened on Friday, and the market was closed for the Good Friday holiday. The employment report showed that there were 162,000 jobs created during the month of March, the largest in three years.  While the unemployment rate remained at 9.7 percent (and will likely stay that way for a while), the increase is a sign that economic recovery is sustainable, and the healing process in the job market has officially begun to turn the corner. The market had been expecting 190,000 new jobs but we think this is enough to convince the folks that “things are getting better. Let’s see if we get a big ‘up’ day on Monday along with a big increase in volume. We are still 100% in CASH but could be getting a BUY signal this week.

            Hope you all had a good Holiday.

Till next time

The MTA Staff