two great tests for the (maybe) new uptrend

this is fundamental stuff, yes, but it is useful in testing the great t/a here, some of which is sniffing a turn like my hound can sniff a possum a mile away downwind. the weekly new claims come out today and the market is already shuddering about the monthly non-farm payroll which is due out before tomorrow's open. bloomberg has today's new claims, due at 8:30, at 650,000. the monthly is still projected by many to show a loss of over 700,000 with an "8" handle on the %. ugly and uglier. if mr. spx can survive these two without making a new low and/or close above spx 741 by week's end, then the hunt is on. that's quite a hill to climb; i'll practice my "yeee...haaa" just in case. ... but not yet ...