The deal is pretty much sealed, Bernanke should pause next week. ES has broken out above 1289 and as I commented a few days ago, is headed for 1299/1300. NQ and QQQQ should also test their respective 50 day moving averages (1549 and 37.70). NASDAQ is finally showing more new 52 week highs than lows (70/33)and semis are leading the charge.
Aug. 4 (Bloomberg) -- Employers in the U.S. added fewer jobs than expected in July and the unemployment rate climbed, making it easier for the Federal Reserve to refrain from raising interest rates next week.
Aug. 4 (Bloomberg) -- Employers in the U.S. added fewer jobs than expected in July and the unemployment rate climbed, making it easier for the Federal Reserve to refrain from raising interest rates next week.
This entry was posted
on Friday, August 04, 2006 at 6:54 AM.
