American economy is strong as evidenced by the blowout employment number released this morning. Non Farm Private Payrolls rose 236K vs. 205K consensus.
If the strong employment trend continues, interest rates are going up in 2015. Time to position the portfolio correctly for higher interest rates is now.
Our very, very short-term early market indicator is positive. However, the stock market will likely relieve its oversold condition in the very, very short-term on any bounce this morning.