JUMP IN UNEMPLOYMENT CLAIMS

A HUGE jump in claims to over 430,000 this week, much of this is blamed on Sandy weather event, but that was 3 weeks ago.

WMT posts LOWER revenues, another sign of the weakening Consumer, especially lower to middle class citizens.

Wages are still falling, another .2, couple with WMT data, it is pretty obvious the avg American is finding it harder and harder to keep up.

Europe declares another Recession. We have the FISCAL CLIFF worries, but with that being repeated every day, is that already reflected in stock prices?

The market is clearly oversold, so it's important to see if it can mount some kind of rally from exhausted sellers. I plan on CHARTING the action this weekend to show you what has been happening.

D