Thursday, August 5, 2010

Today' market - Aug 5, 2010



The market almost hold up after the jump in jobless claims.. Retail sales
also had a disappointing July. The volume was very light possibly in anticipation of Friday's unemployment rate.

Tomorrow's unemployment rate will be an important number to watch. We are at a point where the market could go either way with substantial force. If we see an unemployment rate
of 9.5% or lower Friday morning at 830am eastern time (which isn't anticipated), we could see a big UP day tomorrow (Friday). If we see a number like 9.8% or higher, then we
could see a big down day. (Mitch King)

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