Stocks finished higher Friday after a weak jobs report. The S&P 500 rose 0.7%, the Russell 2000 gained 0.9% and the Nasdaq added 1.2% after touching a record during the session.
Momentum is stronger than where we left it Friday. Cap-weighted readings are positive on all three indexes coming into today. The S&P is at +65.7, the Russell at +15 and the Nasdaq at +9.8. Equal weight is still negative on the S&P at -32 and the Russell at -31.
Tech is the only S&P sector with more breakouts than breakdowns, 29 to 4. Financials have 32 breakdowns and no breakouts. Consumer cyclicals have 21 and real estate has 14. The biggest stocks are carrying the indexes. Most of the market hasn't followed. Futures are flat ahead of the open.
Bonds didn't join the rally. The 10-year fell to 5.18% after the jobs report and closed the day at 5.28%, above Thursday's 5.24%. It's at 5.27% now.
Odds of an October rate hike fell to about 20%, from 28% Friday morning. A December hike is still priced as more likely than

