Friday’s, April 7th 2017, poor jobs report was really nothing new. It released yet another terrible job report showing that only 98K new jobs were created in March of 2017. Wall Street expected 180K new jobs. It continues to be a very disappointing and dismal fact of our daily reality!
—Sponsored Link—
When James Altucher Stepped Into a Coffee Shop… You Won’t Believe What Happened Next
“I want to show you the amazing day we just had in New York.
I got some friends with a camera… and a BIG WAD OF CASH (about $1,000)… and started giving it away to perfect strangers.
Why? You’ll be blown away when you see it – click here for the video.”
So, no trend in the market, i.e. not overbought nor oversold. The SPX is trading in a Non-Trending market. I expect this next retracement will bottom by the end of April 2017. I plan on taking advantage of this summer’s rally.
According to ShadowStats.com, unemployment for March 2017 was a whopping 22.5%.