Friday, June 4, 2010
So much for the big 700k increase in payrolls
up a measily 431k - 411k census - 31k temp = -10k net loss of real jobs. Market was down over 200 in futures but has bounced back... god knows why, other than the standard "fade the open". Dow only down 150 150 minutes into the day. Did some buying figuring this would happen. Kinda disheartening for my TZA. Internals are still bearish with TRIN at 135 but nas is about even at 106.
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