Asian and European markets were playing catch-up to the US lead. Meanwhile, trading here continued the consolidation below resistance. The S & P flirted with 1105, its 200-day moving average, but stayed below that key level. The Dow pushed through its 200-day slightly, but also faded to close just below that level at 10,295. The news didn’t help much. The ADP estimate for private sector jobs came up shy of expectations. ADP is looking for just 55,000 private sector jobs. We should easily beat that number. Meanwhile, the forecast for census workers has climbed to about 400k to 450k. This will give us a huge headline number, and that will bode well for the weekend press. The news out of Europe and Asia was fairly quite, for once, although this morning the Euro is breaking technical support at 1.2111. Technically, the market made a nice turn off of the recent lows. This should set us up for the summer rally. We’ve got a nice short-term pattern. The leadership from Tech has returned. Advances were healthy over declines. Volume was a little light, but reasonable. What we need now is the catalyst, which we hope will be a solid jobs report. .Expectations should be low. After all, the weekly claims were not exciting, still over 450,000. The ISM Services Index was mixed, at best. However, manufacturing has been good. Overall, a decent number should help prevent the recently typical desire to sell into the weekend, but weekend news from Europe is still the top concern.