Why is the S&P 500 still going up, despite the bad non farm payroll numbers in the US? We alluded to this earlier (sep 26) that the weekly S&P 500 is in a technical breakout form the inverted head and shoulders pattern.(ES futures weekly chart shown)

Basically a lot of retail investors in the US are disbelievers in the stock market and plough their money into ultra low yielding Treasuries, as well as very low yield bond funds like pimpco... another contributing reason for the bull market in stocks.