Yeah, yeah, yeah I know the unemployment numbers weren't too good this morning. There's very little volume also today trading in stocks due to the upcoming holiday. So the media will make this a HUGE deal that stocks went down a lot but you know what? I kind of throw these days out. As in, it doesn't really count because of the low volume and a long weekend. BUT, and that's a BIG BUT, if we dont see some follow through next week, and the week after that, and the week after that, and.......well you get what I'm saying.........I mean at this juncture the S+P 500 is unchanged on the year. Is that nifty? Not really.
What I'm really watching is my trusty charts and as much as they were saying buy, buy, buy in late March and early April, they are almost saying SELL, SELL, SELL today. I know I keep saying it but if we dont see some jump real soon we are going to be recommending trades that take advantage of a down market. And I mean real soon.
Enjoy the weekend everybody if I don't talk to you before then. Happy Birthday America! Next week will be quite interesting, I believe. Enjoy the barbeque with your friends and family.
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