NewsWare’s Trade Talk: Friday, January 7

S&P Futures are positive this morning, gains are also being seen in the Dow and NASD futures. Key catalyst today in the Non-Frams Payroll report due out one hour before the market opens. Oil is continuing to climb higher which is boosting the valuation of oil stocks. The yield on the benchmark 10-year Treasury note has steadied, edging down to 1.728%. Next week the Dec CPI data will be released and it is also the start of earnings season.