Bullish an bearish signals

The indexes are down despite the good "job reports" - it looks like the market (investors) starts to ignore good news and focus on bad news.

I do not believe in news analysis - there are always bad and good news and there are no cafeterias that would define the importance of the news. However, the same as in technical analysis you may see moments when bullish or bearish signals (news) are ignored and such moment could be considered as signals as well or at least as a moments to be on alert.