Still upside movement in that mid cap resource and energy sector, with NXS being the standout today within the Systematic Power Setups. The last weeks or two have been very good, but tonight may change that whole dynamic. Not only is it the start of earnings season in the US, but tonight is also the all important release of US employment data. It will be a market mover. Which way it goes will more than likely set the tone for the coming weeks, especially with earnings speculation a hot topic. We’ll be updating our full analysis of the XJO, XXJ and XMJ tonight, but suffice to say that Type-A bearish divergence that has been in play remains in play, as it does in the major US indices as well. The important technical point to watch in the XJO is 4559.