Thursday, June 06, 2013

Another 50dma Bounce

Darn. Another market bounce off the 50dma. Obvious, right? Should have played it. But sometimes when we all see it, that's when it stops working. And this was the third bounce in the uptrend.

Doesn't matter. Jobs report is what we will all be watching tomorrow. Will it be seen as good news or bad news?

Some folks seem to be hoping for a middle of the road number. But everything has been so mediocre in this recovery. Wouldn't it REALLY be better if we were creating more jobs?

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