The market is now marking time ahead of the jobs report, which looms larger after the JOLTs report this morning.

At 8.06 million, it is below consensus of 8.40 million.

Interestingly, the market is not getting the lift from lower bond yields. 

There is a sense we are entering into a period of bad news being...bad news. 

Meanwhile, there are tons of oversold names outside the hot tech area, but we are looking for terra firma before becoming aggressive.