For FullyInformed USA Members here is the intraday chart analysis for the morning of Friday Oct 2 2015 at 11:10 AM
The disappointing unemployment report sent stocks lower this morning. While the unemployment rate held steady at 5.1%, the drop in unemployment to 142,000 from the expected 200,000 seemed to played into the bear side of the market this morning. As selling picked up at the open, investors joined the selling and broke the S&P back below the 1900 level. 1900 is not support but more a symbolic number. Investors love this big round number so in that sense 1900 is important to the sentiment of investors. Let’s look at the morning chart and some possible trade ideas …………………… the rest of this article is for USA members.
The morning Intraday Chart Analysis looks at the present market condition, the outlook for midday, the afternoon and the close today.
Intraday Chart Analysis – Morning – Oct 2 2015
For FullyInformed USA Members here is the morning intraday chart analysis which includes the outlook for stocks into the midday, afternoon and anticipated close. USA Members can read the latest intraday chart analysis directly through this link or they can sign in to the full USA site here. Non-members can join here or read about the benefits of a membership.
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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