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Morning Prep

By Ken Wolff
06/05/09 8:41 a.m.

The PowerShares QQQ(QQQQ Quote) is up after better-than-expected jobs numbers. The market was relatively strong yesterday with a rather narrow range of 40 cents. If the consumer confidence rally is any indication, we can move up big today -- the QQQQ hitting $38.50. ... I am going to expect some selling at the open, but be prepared to enter early if and when the bulls take the market by the horns. We should see leadership with Apple(AAPL Quote), Google(GOOG Quote) and Goldman Sachs(GS Quote) ... Rio Tinto(RTP Quote) is up big on a very nice recovery continuation!

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