Greetings, Everyone and a Happy Saturday to All!

Writing-Time is 7 A.M. for me, so it is 14:00 GMT.

I thought I would add a few Thoughts today on all of the Rhetoric surrounding the “Superior” Non-Farm Payrolls Data we saw yesterday.

At least The Media would have us believe this deeply Premature Sentiment.

As I mentioned yesterday… In my personal View… there is nothing glowingly “Superior” or “Positive” about 9.4% Unemployment.

There is nothing deeply Positive about literally  5 unemployed Persons for every 1 Job Opening.

Now… don’t start calling me a “Perma-Bear” and making Plans again for The Firing Squad!      

I am certainly pleased with the overall Sentiment of Data we have seen in recent Months, with subtle Basing in many Fundamental Areas… I just feel The Bigger Picture is not being considered here from the Daily Information that the Layman Non-Trading Population receives.

As Traders, we know where to look for Confirmation of REAL Data that we see… we know where to go to get a “Measure of Sentiment”… as we have our Quality Newswires, Price Charts, and each other… that the Layman Public simply does not have.

We know not to take things at Face Value… and dig a little Deeper into the Data and Information.

Let’s look at the “spotlight Currency” of the Week…The Queen… to Illustrate my point here.

Very Simple… as we all do this all the time.

Here is The “Headline” Mainstream View.

“Oh Wow!… Look at that!…The British Pound is on a Roll!… The strength is unbelievable!… The Pound is back for sure!… Look at Her go!…”

Here is the Hourly of the Trend Mid-Week…

…And here is the Dollar Strength to Negate that same Hourly trend…

BUT… “Look at Her go!” ???…

Hmm… The Queen is a bit “tempered” now, isn’t She… when we See her on the Weekly View.

My Point here is just like with Currency and other Products We work with each Day… We always get out there and look at The Bigger Picture.

The same should be said with The Global Financial Situation.

Positive Data Points for One Release over One Month Does NOT a Recovery Make!!!

Have a Fine Saturday, Everyone and I will see you tomorrow!