Thursday, July 1, 2010

Lowest close of 2010 in all Indices ahead of Jobs report....

S&P 500 closed @ 1027.37 @ lowest close of 2010.....

RSI in S&P 500 is 31.22..briefly dipped below 30 matching low of previous selling climax....

All indices closed @ low of 2010....

All indices went back to Sep 08 level a 22 month ago level.......

Now it is all about Jobs report @ 8.30 AM.....

Consensus is private sector job creation of 100k..last month was + 41k..headline number will be negative 100k+++ because of elimination of temporary census jobs...

Markets are deeply oversold so a chance of rally is there.......

Solar stocks were big winner today due to SOL raising guidance & Euro rallying sharply to 1.2515...no more par talk today......

AH Futures Down

AH Nikkei & Singapore UP

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem

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