-701K in Non-Farm Employment Change. Bearish continuation???

The jobs report showed that the US economy lost more jobs than economists were expecting (- 100K). The worse report in a decade!!!

IWM small caps leading the bearish trend continuation with high probability to break support on Monday/Tuesday

Weekly Charts

Daily Charts

   
               

               

                     

VIX :   Up -4.11 / -8.07% at 46.8                

/CL : Up 4.25 / 17.17% at 29                

TLT :  Up 0.4 / +0.24% at 168.5                

                     

SPY Market Forecast 29 Short-term  bearish Pointing a bit lower - above 20              

                     

LONG TERM DOWNTREND.                   

  6-months Down                   

  10-days Sideways                   

  3-days Down                   

                     

Indices                      

Up:                        

Down:    IWM:  -2.83% ; DIA:  -1.57% ;  SPY:  -1.45% ; QQQ :  -1.42%          

                     

Nasdaq Above 30MA    =  23                   

KHC, INCY, GILD, EA, VRSN, XLNX, INTC, CHKP, AMZN, ALXN, CTXS, TTWO, NLOK, REGN, ATVI, VRTX, AMGN, NTES, CSCO, NFLX, CDNS, ILMN, HAS

                     

Stocks to watch on  Sunday                   

Nasdaq100  xsing above30   = 0                   

                      

                     

Nasdaq100  xsing below30  = 4                   

BIIB, IDXX, BMRN, NVDA                   

                     

                     

NDX Leaders:   17 closing higher   and  86 closing Lower              

TSLA :  +5.62% ;  KHC : +2.76% ;  INCY : +1.97%            

                     

DJIA Leaders:   6 closing higher   and  23 closing Lower              

PFE :   +2.34% ;  BA :   +1.01% ;  WBA :   +0.99%            

                      

SP500 Leaders:   125 closing higher   and  378 closing Lower              

ARNC :   +29.79% ;  APA :   +14.71% ;  LB :   +11.72%            

                     

Sectors                      

  1 sectors closed higher led by  XLP +0.78%  and  XLRE -0.85%    Lower =  10         

  0            closing above 30d. SMA  and 11   closing below.   

                     

Uptrend                     

Sideways                     

Downtrend XLE , XLV , XLB , XLY , XLU , XLP , XLK , XLRE , XLF , XLI , XLC

                     

Breath:                      

 Weakened  as  Decliners led  634   to   2339 and  Nasdaq   Weakened  as  Decliners led 916   to   2368      

                     

MACD Crossover: 0