
UNEMPLOYMENT RATE INCREASE COULD BE THE EXCUSE FED NEEDS TO CUT RATES
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Fed’s Excuse Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows there is buying in the stock market this morning after the release of the jobs report. RSI on the chart shows that the stock market is overbought but has more room to run up. The chart shows that volume remains low. The correct interpretation here is that there are very few sellers. The jobs