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  1. February Jobs Report

    Job growth surges in February on hiring jump in restaurants and bars

    Nonfarm payrolls increased by 379,000 in February and the unemployment rate was 6.2%.

    Dow Jones estimates for were 210,000 new jobs and a headline jobless rate of 6.3%.

    Most of the hiring came in the hospitality sector, which saw 355,000 new jobs. Education, construction and mining all saw declines.

    The Black unemployment rate jumped to 9.9% from 9.2%.
    https://www.cnbc.com/2021/03/05/jobs...uary-2021.html
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  2. TSP Talk: Nasdaq and S&P break. Dow and small caps reverse?

    Another day of selling for the indices as we saw more breakdowns, but possible reversals, in the indices. The Dow lost 346 points, which was off the lows, and small caps also had a pretty good bounce off the lows, but big losses none the less. We got that one big rally on March 1st that certainly threw us a curve, but otherwise that's 5 down days in the last six for stocks. The Nasdaq and small caps were the big losers again.

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  3. Bears Have the Momentum - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bears broke through support today and price closed well under the 50 dma on both charts.

    Market Talk-spx-png
    Market Talk-dwcpf-png

    We can also see that price closed off the lows of the day. That may not mean much in the context of a bearish NAAIM reading. Momentum accelerated to the downside. Volume was up. I was asked if a switch has been flipped. I was not ready to embrace that notion the way I did over a year ago, but yields are now
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  4. TSP Talk: Growth stocks taking a hit

    After Monday's largest one day gain since June to start the month, we've now seen the worst two day stretch for stocks in six months. The Dow spent most of the day in positive territory but succumbed to the selling pressure late to end the day down 121-points. Once again the broader indices saw he larger losses with the Nasdaq and small caps plummeting more than 2%. The Transports actually gained 0.66% on the day, while bonds were down as yields crept up again.

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  5. Support Gets Tested Again - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bears made it 2 in a row on Wednesday as price fell back once again.

    Market Talk-spx-png
    Market Talk-dwcpf-png

    Support at the 50 dma continues to hold. This is more or less the 3 test of support in this area. Momentum is falling. Volume was on the average side.

    Market Talk-nyad-png

    Cumulative breadth, while negative today, wasn't overly negative. The signal did not move lower by much, which is interesting.
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