ZACH BASS - Pre-Market Note

Yesterday started out looking weak, and the unexpected spike in new Job Claims didn't help. But the market held up well, the Bulls defended the 50 day EMA quite well, even considering the back and forth action. This morning there's the Jobs report. If it's really bad, it could send the market down hard, if it's marginal or good we should be in good shape. It would be interesting to see if it was a bad report, if the Bulls hold their ground like they did yesterday. That would be a very good sign indeed.

Analysts are expecting Friday's report for nonfarm payrolls to shed 30,000 jobs in March (overall 60,000), and unemployment to inch higher to 5.0 percent after a February decline of 4.8 percent.

The task of the Bulls, should they accept it, is to maintain the 50 day moving averages across the board. That would evolve the 50s into an excellent platform from which to build support, where in past weeks, it's been strong resistance.

The alerts I put out are working great! After just a few short days, we are well on the way to reaching the aggressive targets that I set. If they pull back due to a weak Jobs report, don't worry, we'll manage the downside and preserve capital. Both plays, due to the markets they are in, have some natural resistance to inflationary reports, so I'm not too worried. Here are the stats to date:

DBA - an Agi EFT
basis: $37.38
close: $38.21
target: $40
%gain/(loss): 2.22%

BHP - a natural materials fund
basis: $67.75
close: $70.55
target: $76
%gain/(loss): 4.13%

-zach bass