Friday, June 6, 2008

Unemployment Edge

Unemployment data this morning giving the bears something to hope for after yesterday's action. Continued pricing of stocks yesterday put a relentless bid in the market and now the question is whether additional pricing can fight off the edge bears have been given early. The key still remains the NQ100's ability to provide leadership for the indexes. The DJI is heavy despite Thursday's gains with no confirmation by the SP500 that the overall range bound action is over.