A Bracing Shakeup
A weaker-than-expected jobs report helped to produce the pullback that this technically extended market needed. The question now is whether this turns out to be just some healthy consolidation as we enter earnings season or the start of failed bounce and a deeper correction.
While the selling was fairly robust, we didn't breach any major areas of support, and we finished at the highs of the day on a late flurry of buying. Breadth was a bit worse than 2 to 1 negative, and volume was at low holiday levels again. Commodities were hit hard, but banks, retail and Apple (AAPL) managed to hold up fairly well....200 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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