For FullyInformed Members here is the intraday chart analysis for the afternoon of Friday Feb 5 2016 at 2:10 PM
The unemployment report started the selling immediately when stocks opened. A drop to below 5% in the unemployment report is being viewed by investors as an excuse for the Fed to continue to tighten monetary policy. For the first time wage gains were larger than expected and across more than just a “handful” of sectors. The wage gains is one area that has investors concerned because wage gains often mean inflation……..the rest of this strategy article is for FullyInformed Members.
Intraday Chart Analysis – Afternoon – Feb 5 2016
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