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Saturday, December 5, 2015
Markets rebound on NFP beat
The markets rebounded, no doubt intentionally, on the NFP number beat which has been seen as being strong enough for the Fed to raise by .25% as planned. The odds are around 80% last I heard. If they do raise the rate on the 16th the markets could possibly sell off on the news.
DJIA weekly resistance is still intact on this domed house structure that I have been looking at.
NDX weekly closed just above the resistance making this a new all time weekly high.
SPX weekly tested the bottom of the kumo on the ECB announcement but managed to close back above the kumo to end the week on the stronger jobs number.
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