Exhaustion Persisting ~ The Risk Averse Alert

Thursday, May 03, 2012

Exhaustion Persisting

It appears Tuesday's exhaustion has left a mark, leaving the market vulnerable to a letdown...

SPX 5-min

Yesterday's stabilization brought no follow-through today. In fact today's stumble lower produced no positive indication of technical strength presaging a reaction back up. The last half hour: possibly positioning for a positive April employment surprise, which by the looks of things will not materialize. Tomorrow is shaping up to be nasty.

Fast Money
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