Into the trading week, (Mar. 5- )

The last 2 days, we’ve looked at the possible market implications in detail arising from Central banks actions or non-actions to what is perceived by some as a halt in better economic data.   All this is intertwined into Friday’s NFP# to shed some light and more debate over QE and the recovery.   Again, it’s all about ‘Jobs, Jobs’ now and there is not much to add at this point. 

As far the underlying market, once again RUT underperformed on Friday to end with a 3% loss on the week.  It seems it’s the one ETF/ index shorts had a chance to play (technically), individual stocks followed here fitting into this space were not for sale on Friday’s first technical negative on the RUT as it broke down from Feb. range.   All in, unfortunately we probably have to sit through 3-4 days of possible churning as there is little in the way of anything fundamental coming out ahead of NFP#.

There is nothing material over the weekend and/or at Asian market openings. Ahead, AAPL’s event might be one of the only market highlight in between (Wednesday) and if the SP tugboat of 2012 sells off on the news, we may see the waning momentum speed up. Also, ECB meet up on Thursday is one of about 10 CB’s meetings globally this week to fill some market airspace.