Trade updates

In my opinion the markets needs more work to the downside but tomorrow is the jobs data so there might be some volatility. I sold my HPQ puts just as HPQ fell pretty quick and volume decreased on the downside. I am a trader so I locked my gains,
still holding the QQQQ puts and looking to buy either MOO,DBA or USO calls.
But I am in no hurry.
This market rewards patience.
When looking at these markets a lots things are going on. If the jobs report comes very bad , then the US dollar goes down , in that case the commodities ( Oil, gold, soy,wheat etc. ) all can go up as a weaker dollar is good for coomodities.
But if this is interpreted as a bad for the world economy , which leads to deflation and therefore people start to hoard the US$, then it goes up and commodities fall.
Like many veteran market analysts say, " its not the news , its the reaction to the news that matter".
Stocks can be bid up if the number is around what is expected. i think some 500,000 jobs are expected to be lost, so unless we lose more than say 535-545K , no one will panic. Of course if they come in less then the markets will catch a bid and try to rally.
So tomorrows reaction to the number is important but overall the markets might have to go down more.