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The Rally Continues, Stocks Try To Make It Four Straight Days Of Gains

|Includes: FXE, India Fund (IFN), INFY, SINA, SOHU

This morning, the S&P 500 Index e-mini futures (ES Z1) are surging higher by 15.00 points to $1172.50 per contract. The catalyst for the early rally is the better than expected non-farm payroll report by the U.S. Labor Department. Economists were expecting a gain of 90,000 new jobs for the month of September, however, the report showed a gain of 103,000 jobs. The August report was also revised from zero to 57,000 jobs gained. There are always revisions to these reports so we must simply follow the markets reaction and not focus too much on the headline numbers. Traders should still continue to watch the U.S. Dollar Index futures (DX Z1) very closely as the major stock indexes will continue to trade inverse to the U.S. Dollar. The hard reality for everyone is that at this point of the economic cycle people are getting excited about a gain of 103,000 new jobs created, that is pretty sad.  .Full vid