Cautiousness Before Jobs Report...

Just when I thought the market is strong enough to stage a challenge before the Jobs Report, it proved today that sensibility still prevails. Despite a strong early session spurred on by MUCH stronger than expected ISM services numbers (which is a lesser known and much lesser important cousin of the ISM index released on Monday), stocks erased early gains as investors stayed cautious before this Friday's Jobs Report. Even though the market is sideways, there is still a hint of bullishness in today's market action and if ignited by a better than expected Job number, a rally could rocket from here. Let's hybernate and wait...