Thursday, July 2, 2009

a BAD employment report for June 2009

the change in nonfarm payrolls came in worse than expected and futures fell about 2%.
spx index closed yesterday at 4-0 sell and i look for 890.39 as major support in the short term. that's -3.5% from here.

that aside, almost all bad nonfarm payrolls days start weakly, then reverse around midday and some even close higher.

quickly, goog at 4-0 sell daily, 1-0 buy weekly and 1-0 sell monthly
aapl at 6-0 sell, 1-0 buy, and 1-0 sell
bidu at 4-0 sell, 1-0 buy, and 1-0 sell

paul

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