http://www.bls.gov/web/empsit/cesbd.htm
Think the market needed an employment number seen as positive today? We are in SELL THE RALLY MODE IMHO, surely the market can muster some bounce here. Yestedays 98.7% down volume day and 7 Billion shares trades smell of washout, but remember where we were in 2009 bottom SPX 666.
CNBS keeps touting ant number they can grasp and act like none of this matters, the HAIR explains how Europe, well that's over there and we must have added LOTS of manufactruing jobs, even as the ISM manufacturing index fell to NEUTRAL near 50.00 a hair above contraction.
A worldwide coordinated move below the 200 moving average....Transports, CAC, China, TECH...
Notice how yesterday we heard from Challenger and they said "mass layoffs increased" and todays numbers do NOTHING to dispell an environment that is not condusive to putting back to work the 7 MILLION or so who are off the payrolls since 2007 top....making this the WEAKEST statistical recovery in almost every area from a Recession in history.
Do we JUMP back in here? Tempting isn't it? I HOPE I AM WRONG, we can use technical analysis to judge any rebound. I still think the last 10 trading days is a SHOT ACROSS THE BOW AND I'M LISTENING LOUD AND CLEAR, I AM NOT SMARTER THAN THE MARKET.
Duratek
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