The good news for bulls is there was little heavy follow-through selling from yesterday but let’s emphasize “heavy” since breadth still was negative. Volume declined markedly today and it seems logical tension will rise into Friday’s unemployment report. I don’t expect much consequential action given that this report will be the focal point for most investors.
What to watch? Gold and Uncle Buck.
The scary thing is Monday’s holiday following the employment report. If the report is poorly received Friday, Monday could see a serious sell-off. Be very careful.
If there isn’t much consequential action tomorrow I may not post until Friday.
Let’s see what happens.
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