Looking at employment data

DJI: +225.52 (+2.25%)
SPX: +27.67 (+2.58%)
GLD: -0.13 (0.11%)

Large rally today probably in anticipation of employment and ISM data tomorrow morning. The SPX has traded below the SMA(200) and 1100 level for the past week, attempting to break back above on May 27 and is positioned to try again tomorrow (close level today 1098.38). This is a key level to watch out for. Oil futures have traded higher currently hovering around $74/barrel and the selloff in the EUR has stalled a bit.

On the macro side, jobs data tomorrow would be a key indicator of whether the US economy is on the path of recovery. We will know tomorrow am