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Archive for September, 2011

Posted by Martin September 02, 2011

Unemployment report showing no new jobs!

Market (SPY) gaped down at open and extended already bearish trend this morning. Although by the end of the day the market may rally back. It looks like the A,B,C correction has been completed and now we will be running down. QE3 is now more likely to happen, although that may be good for the Continue reading →

Posted by Martin September 01, 2011

SPY on the downhill road

Although the jobless claims were in line with expectations as well as manufacturing data the market failed to go thru the resistance and turned down. Europe’s manufacturing data disappointed and tomorrow we will have Labor data out. The ISM Index remained above 50 number, and although it is trending lower, we most likely will avoid Continue reading →