JOBS REPORT AND MORE

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Fridays Jobs Report said a lot, and how the various markets react should be quite interesting. The markets were closed Friday , so what will Monday bring?  Check this out...

I'll start with the IBB WEEKLY chart.  This isnt overly Bearish at this point, its still above the weekly moving average, but needs monitoring.It was last Spring that Biotechs sold off deeply.

IBB

Now lets look at the SPX & the NASDAQ,  but first let me explain the possible implicaitons of the negative jobs report that came out Friday ...

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Checking the Charts

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Friday the stock market is closed , but I have a lot to say after yesterday, so lets check the charts and see whats happening at the end of our trading week...

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In this chart Yesterday, I had pointed out that the NASDAQ had a gap to fill and support at the wedge, would it hold?

NAZ 3-31

This is the chart from the close Wednesday...

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Hanging In There

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Not a whole lot has changed in the markets since yesterday, but you'll see that they are still "hanging in There' for now in many ways.  To the charts...

NASDAQ remains in a range-

NAZ 3-31

The SPX actually looks a bit different ....

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