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Friday, July 2, 2010

UGLY !!!


Jobs report and other data adds to economic fears.


Stocks fall !!!

Economic recovery is losing steam.



The stock indices fall for a seventh straight day. The highly anticipated jobs data showed private employers added 83,000 jobs last month. Fewer than the 112,000 analysts had forecast. With the Independence Day weekend, most traders are sitting on the side and lightening up on positions. Can you say risk aversion.  Market is quite oversold and maybe a bounce after the weekend is in the cards. Still watching the charts.

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