As another twisted report is issued...euro is breaking down and equities are only up a little bit from yesterday's highs...for examples the MidCaps 400 is only up 5 points from its high yesterday so far...in addition the major trend lines I have been trading have not been reached on any of the indexes...not exactly a ringing endorsement...after there remnants of shorts are purged from their positions the selling should begin.
Though I do not watch financial television generally, today was an exception and a quote that epitomizes the sentiment related to this jobs report..."Isn't is so great now that we don't have to worry anymore and everything is fine...now we can relax"...
Q2 GDP Tracking: Mid-2s
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The advance estimate of Q2 GDP will be released next Wednesday. The
consensus is real GDP increased at a 2.5% annual rate in Q2. BofA
economists noted this...
2 hours ago