There was a long dark candle on Dow Jones closing yesterday. And there is some economic data released in US today. Jobless claims jump to highest level since late March . Unemployment rate jumped the biggest one-month gain in 22 years.
Luckily there is a good news that the retail sales rise much more than expected . Take note that the increase of spending can be associated to the governing rabate checks. So, there isn’t really much to be happy about.
Dow Jones and S&P500 is trading at 1% gain vs yesterday close. However, I remain negative on the ovreall market after reading this 2 pieces of news.
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
