Markets In The Red Across the Board

The Dow Jones and SP500's decline has indeed became a clear bearish signal after the fact that it has been led with Disney and Viacom. The SP media Index have been the primary driver of these negative sentiments as the Dow is again back below the 17500 all important levels.

With probable spill over declines in Asia on the last trading day of the new month; where Asian traders would have to be on the guard as the week would end down to be in negative territory. Without mentioning Nasdaq's decline the rest of the commodities including oil, and the precious metals are not an exception to the market's red color across the board. Interest in market opportunities have lessened in contrast to the increase in open interest with the USD for the past couple of days.

Watch for Dow's prices to re-attempt the 17000 support levels in the Asian towards the US Trading sessions. As the NFP figures would likely be positive for the USD and make a go for another high which may well be above the previous high @98.21 basis point made this week.