NEW YORK (TheStreet) -- The nonfarm payrolls for November came in better than expected at 203,000, topping economists' expectations of 185,000. TheStreet's Joe Deaux takes a look at the report with Sam Stovall, chief equity strategist at S&P Capital IQ. 

Stovall suggested that investor sentiment was beginning to dim leading up to the report, with the S&P 500 declining for five straight sessions before Friday. 

He added that the report was good, but not great. Revisions for the October nonfarm payrolls report were also lowered. 

We are transforming to a self-growing economy from a stimulus-driven economy, Stovall said. 

The Federal Reserve will likely reduce its bond-purchasing program, he said, now that the economy appears to be able to stand on its own. 

While improving, the economy is still susceptible to stumbling and is considered vulnerable. 

Stovall said that the improvements have been gradual, which is good because the Fed won't begin to tighten its monetary policy immediately and can instead ease through tapering. 

He concluded that investors should remain bullish going into 2014 and continue following the trend. However, Stovall did caution that investors should be prepared for volatility. 

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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