The Dow ETF has gained at least 1% in each of the past three sessions and is trying to climb back above its 50-day exponential moving average, a key technical indicator. [Stock ETFs Rally Before Jobs Report]
In currency markets, the dollar declined after the employment report as markets were in a “risk-on” posture. PowerShares DB US Dollar Index Bullish (NYSEArca: UUP) fell 0.3%.
SPDR Dow Jones Industrial Average
Chart source: StockCharts.com.
Full disclosure: John Spence owns UUP.
