(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) TAKE JOBS REPORT WITH A GRAIN OF SALT May 4, 2012 The U.S. Department of Labor reports that unemployment rate fell to 8.1% vs 8.2% consensus. Non-farm payrolls increased by 115k vs 162k consensus.  The whisper number was about 120k.  In any case this is a negative number. On the positive side March non-farm payrolls were revised to 154k from 120k. The rest of the data in the report is also mixed.  There is ammunition in the report

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) THE U.S. GDP DISAPPOINTS April 27, 2112 The U.S. GDP grew by 2.2% vs 2.5% consensus. This is a continuation of the resent spate of weaker than expected economic numbers. Prices in Spain deepens as unemployment reaches almost 25%. Our models continue to show a 65% probability of a correction. Gold futures are at $1659, silver futures are at $31.10, and oil futures are $104.23. S&P 500 resistance levels are 1410, 1415, and 1424; support levels