“According to the September jobs report, which was delayed 18 days by the government shutdown, hiring slowed last month…Employers added 148,000 jobs in September, fewer than the 193,000 jobs added in August, the Department of Labor reported. But the good news is the unemployment rate fell to 7.2% as 73,000 people joined the labor force and 133,000 people said they got jobs. That's considered encouraging, after months in which thousands of Americans were dropping out of the workforce...
...Economists called the report a ‘mixed bag,’ ‘underwhelming’ and ‘disappointing.’” Story at…
MARGIN DEBT (Advisor perspectives at dShort.com)
Tuesday, the S&P 0.6% to 1755 (rounded) at the close.
VIX was up another 1% to 13.33. (There is some option buying counter to the up-trend in stocks.)
NTSM system switched to HOLD because the market action is too bullish. I expect a pullback soon, though it may not be a big decline. There are certainly enough issues though that could indicate a larger decline; there just isn’t an obvious catalyst.