April gold finished lower by $19.00 to close at $1,740.30 an ounce.

March crude finished higher by $1.20 to $97.56 per barrel.

 

Wynn Resorts Ltd (NASDAQ:WYNN) is considered the leading casino stock in the market. This morning, WYNN stock is trading lower by $5.27 to $115.59 a share. Yesterday after the closing bell, the company released earnings that were below analyst expectations. WYNN stock has been struggling to trade above the December 2011 highs which tell us that the stock has weak relative strength. Traders can watch for intra-day support around the $114.00, and $112.00 levels.

MGM Resorts International (NYSE:MGM), and Las Vegas Sands Corp (NYSE:LVS) are two leading casino stocks that are trading higher despite the poor reaction to WYNN stock. It is important to note that MGM and LVS are getting extended on the daily charts and may need to pull back soon.

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Factory Orders for December reported in at 1.1%.

ISM Services for January reported in at 56.8%.

 

This morning, the U.S. Labor Department released the non-farm payroll report for the month of January. The report was better than expected as there were 243,000 new jobs added. The unemployment rate also declined to 8.3 percent in January from 8.5 percent in December. While the report was very good and better than expected the data is always controversial. Traders must realize that the major stock indexes have been trading higher since December 19, 2011 without any meaningful pullbacks. These markets are extremely overbought and extended at this time. This morning, the S&P 500 Index e-mini futures (ES H2) are trading higher by 12.00 points to 1334.50 per contract.

January's Nonfarm Payrolls reported in at 243,000, analyst expected 155,000.

Nonfarm Private Payrolls for January reported in at 257,000.

The unemployment rate for January decreased to 8.3% from 8.5% prior.

January's hourly earnings increased to $23.29.

Average Workweek In January remained unchanged at 34.5 hours.

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March crude finished lower by $1.25 to $96.36 a barrel.

 

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April gold finished higher by $9.80 to $1,759.30 an ounce.