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Employment report much worse than expected (6%, non-farm -40K). Support: Nasd (1400, 1368); SP500 (899 is 50 day, then 850); DJ30 (8512 is 50 day). These will be tested. Futures: -13; -20 (Nasd). The key today will be the ability to hold the 50 day. Employment report is lagging & will discuss in full report. Still, it is what the market is focused on as it decides if it needs to take more air out of the rally. This morning it is going to do that on the open. Going to sit tight and see how that fares, looking at stops and trailing stops later in session if cannot make a recovery.
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