The government announced that jobless claims declined for the forth week in a row. Jobless claims are still very high though so it will take time for the unemployment rate to drop, because jobless claims are the number of people filing for first time unemployment benefits, so it still shows growing unemployment.

But it is good that there are fewer people filing for unemployment and the stock market has been going up as investors bet that the economy will eventually get better.

First time filers were at 550,000 last week.

Economists at CBSMarketwatch were looking for claims at 555,250. Claims are up 22% from where they were a year ago.

Stock market is down a little today, but it is bumping on resistance at the 1,000 S&P 500 level. We should expect a pause around this level with technical analysis, before going up more, but it should not take long to get going.

I still think the best sector in the market to the upside is China stocks and emerging markets. But in this market many sectors are lined up to go higher.

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