115k was the projection. There was also a downward revision to the May and June reports of 258,000 jobs.What was the predicted range for the July jobs gain? The 73K gain was a good bit higher than those of the two prior months.
The major indices are down sharply (~1%).
Very bearish candles today...SPY/Qs engulfed several days of gains and closed on the lows. But somehow futures probably pump tonight...I don't think we've seen a down open in weeks. Apple with very solid earnings but muted response....I closed my Apple long when market rolled hard. In fact I closed all my swings...been a crazy few weeks and need a reset.
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You broke the marketStarted buying into my Roth IRA today.
Started with $1200 worth of VTI and IJH to get the ball rolling.
This why I came in the year bearish...tariffs...govt layoffs...feeds into private sector layoffs but this market a clown show and just rips higher all the time. Well...tech earnings have been stellar for AI...without AI we would be in a severe bear market.
Glad I closed my swings...I also went more cash in my IRA yesterday...back to 40% cash. Market in complete free fall..
Actually faded Apple off open from $212 and covered at $207. Won't do much else today....
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All of this is headed somewhere else too, but no one wants to talk about that. AI is nothing but trouble.The Dawn of the AI age has begun. Next 4 years is gonna see epic overturn in jobs, careers. Got to biggest head scratcher moment HS/College age kids have ever faced. O was coming up all we heard where computers where coming, even though we never had seen one.
We abandoning ship?SPY barely pulled back, relative...it's not even to it's 8wema. I would like to see a 20 week ema tag..
Usually engulfing weekly candles at tops have follow through. Look at last July 2024...
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Not me trying to time the perfect bottom to start compounding a 30 year Roth IRAYou broke the market