The good news is prices for the IWMs have moved through key support in the roughly 65 price are and have advanced above the 10 and 20 day EMA. This provides us with some technical support in the event the jobs report is less than stellar. However, don't get your hopes up; they underlying economic fundamentals are still very weak, so strong upward advances just are not in the cards right now.
There may be a turn of events starting in the Treasury market. While I typically dislike line charts, they can show trends with less static. The upper chart shows that prices may have broken support, which is somewhat confirmed by the lower, candle chart. I say somewhat because the break is still fresh and there is plenty of uneasiness about the underlying economy right now, making Treasuries attractive.
