Stocks turn down at lunchtime, the Dow (DIA -0.3%), S&P 500 (SPY -0.2%), and Nasdaq 100 (QQQ...

Stocks turn down at lunchtime, the Dow (DIA -0.3%), S&P 500 (SPY -0.2%), and Nasdaq 100 (QQQ -0.4%) all at session lows as some may be trimming positions ahead of what should be a vital employment report tomorrow morning. Long-term Treasury prices (TLT +0.4%) move to their highest levels in about 2 weeks.

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Comments (4)
  • mcostigane
    , contributor
    Comments (44) | Send Message
    have the horrible job numbers been leaked?
    6 Jun 2013, 12:20 PM Reply Like
  • surfrider67
    , contributor
    Comments (43) | Send Message
    Bad number news should mean the fed will keep pumping the market and we should head up from here for a bit...
    6 Jun 2013, 05:28 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    Massive JPY carry trade unwind underway. Could be SAC unwinding positions and/or some other houses/IBs/CBs. Watch the levels - dixie punching right through support. SnP at 1600 and 1580 key levels.
    6 Jun 2013, 12:27 PM Reply Like
  • Anonymous 2
    , contributor
    Comments (368) | Send Message
    The decline of SPY from May hi to the 50 DMAL is 5%. The additional decline from current 50 DMAL to the 200 DMAL at 148.60 is 7 %
    or a total of "only" 12% from the 3 week ago all time high.
    The above mentioned current 200 DMAL is at about the same correction low of late February of 148.07.
    6 Jun 2013, 12:47 PM Reply Like
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