U.S. STOCK INDEXES

The stock indexes are firmer in early morning trading as traders await the U.S. jobs report. Bulls do have fresh upside technical momentum on their side after strong gains on Thursday.

June S&P 500: The shorter-term moving averages (4-, 9- and 18-day) are still bullish early today. The 4-day moving average is above the 9-day and 18-day. The 9-day is above the 18-day moving average. Short-term oscillators (RSI, slow stochastics) are neutral early today. Today, shorter-term technical support comes in at the overnight low of 1,409.00. Sell stops likely reside just under that level. More sell stops likely reside under shorter-term technical support at 1,400.00. Upside resistance for active traders today is located at the 1,420.00 and then at 1,425.00. Buy stops are likely located just above those levels. Wyckoff's Intra-day Market Rating: 6.0

Today's key near-term Fibonacci support/resistance level: 1,417.00.

PIVOT POINT LEVELS FOR JUNE S&P 500:

Pivot:------------ 1,400.90
1st Support:------ 1,389.75
2nd Support:------ 1,367.90
1st Resistance:--- 1,422.75
2nd Resistance:--- 1,433.90

June Nasdaq Index: The shorter-term moving averages (4- 9-and 18-day) are bullish early today. The 4-day moving average is above the 9-day and 18-day. The 9-day average is above the 18-day. Short-term oscillators (RSI, slow stochastics) are neutral early today. Shorter-term technical support is located at 1,970.00. Sell stops likely reside just below that level, and then more sell stops are likely located just below technical support at 1,958.00. On the upside, short-term resistance is seen at last week's high of 1,990.00 and then at 2,000.00. Buy stops are likely located just above those levels. Wyckoff's Intra-Day Market Rating: 6.0

Today's key near-term Fibonacci support/resistance level: 1,984.00

PIVOT POINT LEVELS FOR JUNE NASDAQ:

Pivot:------------ 1,964.35
1st Support:------ 1,942.70
2nd Support:------ 1,902.10
1st Resistance:--- 2,004.90
2nd Resistance:--- 2,026.60

June Dow: Sell stops likely reside just below support at 12,950 and then more stops just below support at 12,900. Buy stops likely reside just above shorter-term technical resistance at 13,050 and then just above resistance at 13,100. Shorter-term moving averages are bullish early today, as the 4-day moving average is above the 9-day and 18-day. The 9-day moving average is above the 18-day moving average. Shorter-term oscillators (RSI, slow stochastics) are neutral early today. Wyckoff's Intra-Day Market Rating: 6.0

Today's key near-term Fibonacci support/resistance level: 12,893

PIVOT POINT LEVELS FOR JUNE DOW:

Pivot:------------ 12,935
1st Support:------ 12,855
2nd Support:------ 12,709
1st Resistance:--- 13,081
2nd Resistance:--- 13,161

U.S. TREASURY BONDS AND NOTES

U.S. T-Bonds and T-Notes futures prices are near steady in early trading today. Bulls have regained some fresh near-term technical momentum. Trading should be more active in the wake of today's jobs report.

June U.S. T-Bonds: Shorter-term moving averages (4- 9- 18-day) are neutral early today. The 4-day moving average is above the 9-day. The 9-day is below the 18-day moving average. Oscillators (RSI, slow stochastics) are neutral to bullish early today. Shorter-term technical resistance lies at 117 16/32 and then at this week's high of 117 30/32. Buy stops likely reside just above those levels. Shorter-term technical support lies at 117 even and then at the overnight low of 116 27/32. Sell stops likely reside just below those levels. Wyckoff's Intra-Day Market Rating: 5.5

Today's key near-term Fibonacci support/resistance level: 117 22/32

PIVOT POINT LEVELS FOR JUNE T-BONDS:

Pivot:----------- 117 8/32
1st Support:----- 116 18/32
2nd Support:----- 115 31/32
1st Resistance:-- 117 27/32
2nd Resistance:-- 118 17/32

June U.S. T-Notes: Shorter-term oscillators (RSI, slow stochastics) are neutral early today. Buy stops likely reside just above shorter-term technical resistance at 116.00.0 and then at this week's high of 116.11.5. Shorter-term moving averages are neutral early today. The 4-day moving average is above the 9-day. The 9-day is below the 18-day moving average. Sell stop orders are likely located just below support at the overnight low of 115.17.5 and then more sell stops just below support at 115.08.0. Wyckoff's Intra Day Market Rating: 5.0

Today's key near-term Fibonacci support/resistance level: 115.10.0

PIVOT POINT LEVELS FOR JUNE T-NOTES:

Pivot:------------ 115.28.0
1st Support:------ 115.11.0
2nd Support:------ 115.01.0
1st Resistance:--- 116.06.0
2nd Resistance:--- 116.23.0