Friday, July 8, 2011

Interesting

Of the 18000 jobs created last month 90% of them were McDonalds. An they calling this a recovery, SIMPLY AMAZING

1330.50

Trying to hold here- but if we break next supports are 1327 then 23.75.
1330.50 has held three time today so far but we been trending here

BINGO 1330

just hit 1330.50 lets see if we can stabilize there

Ugly before Open

Very ugly before the open- down almost 21 point on the Futures in 30 minutes. There seem to be some support at 1330 but we will see soon enough

Futures- Dive

Wow the payroll numbers are terrible futures down nearly 16 points on the announcement- They trying to put lipstick on this market but it is just not good- Yesterday I heard of 10 persons personally that just got laid of in one department of a major corporation. Really let's be real here we just not recovering