Little worried about the RSI not confirming this new high here
5/8/09
SPX ranges for Monday...big volume day UNG 13 to 16.95 run so far
Little worried about the RSI not confirming this new high here
5/7/09
SPX Ranges for Friday....profit taking, caution on stress test release at 5 PM, topping...whatever
RSI turned back at 70 is a little spooky along with the reversal from 930 (open)
Premarket Leaders Energy and Financials
XLF up 4.6% ($13.15 near 13.50 ish 200 DMA) XLE up 2.3% and USO up 3.3% SPX up 0.8%
5/6/09
U.S. April ADP employment falls 491,000
U.S. April ADP employment falls 491,000
By Rex Nutting
Last update: 8:17 a.m. EDT May 6, 2009
Comments: 25
WASHINGTON (MarketWatch) -- Private-sector employment in the United States fell by 491,000 jobs in April, according to the ADP employment index released Wednesday. The March number was revised higher to a decline of 708,000 from a decline of 742,000. The index comes two days before the government releases its estimate of April nonfarm payrolls. Economists are looking for payrolls to drop by 580,000 in the government survey, which would be the smallest decline since October. End of Story
By Rex Nutting
Last update: 8:17 a.m. EDT May 6, 2009
Comments: 25
WASHINGTON (MarketWatch) -- Private-sector employment in the United States fell by 491,000 jobs in April, according to the ADP employment index released Wednesday. The March number was revised higher to a decline of 708,000 from a decline of 742,000. The index comes two days before the government releases its estimate of April nonfarm payrolls. Economists are looking for payrolls to drop by 580,000 in the government survey, which would be the smallest decline since October. End of Story
5/5/09
GM and BAC news/leaks overnight
GM: 1 / 100 stock split and Govt prfd conversion= $0.01
BAC: needs 40B in capital
BAC: needs 40B in capital
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