Watching and Waiting

mrtopstep 2011-07-06

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http://mrtopstep.com Rich Canlione, The NKO Group - Expectations for Fridays Non-Farm payrolls number are from 58K to 108K
i would expect closer to 108K .

Pressure on the Markets today ; China raises rates 3rd time this year to 6.56%, Europe isuss again with downgrade of Portugal debt.
And more to the pressure on U.S. was the I.S.M.Non-Manufact. number 53.3 Vs. survey 53.7

SPU 8 Day Avg.1306
100 Avg.1313
50 Avg.1314

Trend line 1373.50 , 1347.00 , today intersects 1322

USU 8 Day Avg. 124'02
200 Avg. 124'15
100 Avg. 122'27

http://twitter.com/mrtopstep

**Filmed on the trading floor at the CME Group. Produced by MrTopStep with MarketHEIST

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