Wednesday, April 1, 2009

They took our jobs!

Well shocker ADP came out and it was worse then expected. " The U.S. labor market worsened again in March, as private-sector firms cut 742,000 jobs in March,"(Marketwatch)
The futures are back down over 1% after this news. With more economic data coming out this week, it will interesting to see how the market handles other reports of worse then expected economic news.
Now let's think about our indicators here, if the market sells off hard today we can probably expect $NYMO to get below zero which is a sell signal. So watch your Advancers and Decliners.


Really the purpose of this post was to say: If you haven't watch the latest South Park episode you should here is a clip from it:


AND IT'S GONE!
Make sure to read below at the dollar weakness post.