Before the Open (Jul 2)

Good morning. Happy Friday.
The latest employment data is out. Here are the headline numbers…
unemployment rate: 9.5%
nonfarm payrolls: -125K
average workweek: 34.1
hourly earnings: -0.1%
Futures were up a couple points heading into the numbers. The market’s reaction has been generally negative, but a lot can change between now and the opening bell.
Yesterday the market felt like it wanted to move up but the movement was muted by today’s jobs report. Now it’s free to move as it wishes.
Everyone and their brother is talking about the head-n-shoulder top pattern. I of course see it too. Just make sure you recognize the falling wedge all.


We should get movement out of the gate today, and then things will slow down ahead of the 3-day weekend. Enjoy the extra day off, and be safe. We’ll see ya Tuesday if you’re not going to stick around today.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers