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Good Friday, one and all. Before I forget, the market's closed on Monday in observance of Martin Luther King Jr. Day. We won't be publishing anything that day because, well, there won't be much to talk about then.

We're sure going to cram today's newsletter full though. Don't worry - we can keep it short by letting our charts do most of the talking, and keeping our comments to a bare minimum. Still, we've got a lot to get through today for you, like a new pick and an apology for something that may have been confusing in yesterday's newsletter. Let's begin with the mea culpa first.

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Good Monday morning, one and all. No, you're not crazy - you're receiving today's edition of the newsletter bright and early in the morning, even though we normally send it after the market closes. There's a very good reason for the early delivery today... there's a trading idea we want to get out to you ASAP, and the opportunity honestly may not wait for us until today's close. (The fact that we're breaking a long-standing end-of-day publishing routine should tell you just how urgent this thing is.)

If you've been in and around the market for than a few years, you've seen a number of investing themes come and go. They usually fall apart at about the same pace - and to the same degree - they developed.

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Well folks, that's another week officially in the books (even though it was nothing worth recording). For a short while this morning it looked like the bulls were going to respond favorably to the miserable employment data, but it didn't take long for investors to decide the glass was half empty rather than half full. Then later in the day traders got a little bullish again. Mostly though, it didn't seem like investors were interested in doing much of anything on Friday, still unsure of the market's true direction here.

We'll look at what's happening - and not happening - with the broad market in a second. The first thing I want to look at with you is obviously this morning's jobs information. A lot of folks were trying to put a positive spin on some alarming numbers, but I'm calling BS on their calls to ignore the bad news.

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Happy hump-day, folks. How are things? A little lethargic? Yeah, I saw stocks closed about even for the day. In fact, they're flat for the past few days. I've got some thoughts for you about that - and some lines in the sand - in our chart discussion below. There are a couple of other items I want to get to first, however, like a look at gold, and some thoughts on one of the strangest "Wall Street is evil" rants I've heard in a long while.

Not That He's Wrong, But....

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Good afternoon everyone (or good evening, depending on when you've opened this e-mail). I trust your Tuesday was better than your Monday. Actually, it had to be - the market was up today after reaching the brink of a bigger collapse Monday afternoon. You know what though? I'm still not ready to say the bulls have fully taken the reins again. The VIX is also at rock-bottom lows, which as we illustrated yesterday doesn't exactly work in the market's favor.

Bottom line? The right thing to do here is wait and let some more players at the table tip their hands, so let's hold off on any market discussion until tomorrow. Besides, we've got some trading business to take care of.

I know we mentioned in yesterday's newsletter how a new pick was on the way. We even had a specific one in mind. It's still on the radar as of today, but we're not going to add it to our mental portfolio... at least not yet. Instead, we're going to suggest an idea that didn't show up on our radar until this morning. I still want to show you the pick that almost was, however, because I've got a feeling we're going to get into it at some point in the foreseeable future. We just want to make sure we get the timing right.