A Little Air Comes Out

{+++}We saw a small pullback today as the DOW sold off a whopping 44 points.  The S&P came off four points and tested the 1500 level. The Nazzy was pretty flat, but the Russell 2000 sold off a little over 1% and closed slightly below the 10 day simple moving average.

The Russell 2000 is what you want to watch here, as its possible it may have put in a little short term top today. Maybe not, but it bears watching. Tomorrow is the big jobs number and I don’t expect any surprises. The index (Russell) has had a massive move and maybe be ready for a pullback.

QCOM reported a nice number after the close and FB initially sold off after its report, but then rebounded.

Keep your eye on ASGN which hasn’t triggered yet. I noticed today that two other staffing companies had really clean breakouts today. MAN & RHI. Go check their charts.

See you on the chat room in the morning.

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