March 5, 2010, 7:00 am EST — 
The Standard & Poor’s 500 index futures up 4.80 to 1127.20, as the SNOW is the blame for the projected weak unemployment numbers — so why worry, no worse than it is. … The Labor Department’s monthly report is widely seen as the most important economic indicator because jobs growth is considered a key ingredient for a strong, sustained recovery. The spin —- polled from 25 different Stockville sources — “Employees who couldn’t make it to work because of the bad weather.” Therefore, these anxious former workers were not paid benefits as job losses for February may be artificially inflated by 100,000 or more.” Overall, economists polled by Dartline forecast the unemployment rate will rise to 9.8 percent in February from 9.7 percent a month earlier. Employers likely shed 50,000 jobs last month, including the snow impact. Data from the jobs report such as average hours worked and temporary employment will be closely watched because they are considered indicators of future job growth. Indeed, the Labor Department’s report is scheduled to be released at 8:30 a.m. EST … Overseas, Britain’s FTSE 100 rose 0.4 percent, Germany’s DAX index gained 0.4 percent, and France’s CAC-40 rose 0.8 percent. Japan’s Nikkei stock average surged 2.2 percent. …
— Don’t fight the noise, just play the tape. Keep resistance for the S&P 500 index at 1150.41 and support at 1102.80. Use the SPIN to trade both sides even as volume remains abnormally low. ZERO INTERESTS RATES ARE MAKING THE CARRY TRADE THE ONLY GAME IN TOWN.