US stock market morning update --- 11/5/09, 7:35AM PT.

11/5/09 7:35AM PT, the goods news from emplyment and consumer spending drove the market go up significantly this morning. Now $SPX is testing its daily 20EMA and Nasadq is testing its daily 20EMA and 50MA, which may provide some resistance. Although the market is in downtrend, I wouldn't add new shorts at current level until I see the bounce loses strength.