{"id":30,"date":"2008-07-02T19:29:33","date_gmt":"2008-07-03T00:29:33","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=30"},"modified":"2009-06-03T11:14:59","modified_gmt":"2009-06-03T16:14:59","slug":"market-in-trouble-july-2nd","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/market-in-trouble-july-2nd","title":{"rendered":"Market In Trouble–July 2nd"},"content":{"rendered":"

After yesterday’s strong bounce the market failed to have a second consecutive up day.\u00a0\u00a0 There was steady selling in multiple sectors all afternoon.\u00a0 Tech and Energy in particular got hit hard into the close.\u00a0 Energy stocks were selling off despite oil\u00a0 setting new time highs.\u00a0 If the tech selloff continues tomorrow we will breach the 2008 lows and may start to find a tradeable bottom.<\/p>\n

\u00a0I will observe tech and energy in the premarket and see how the react to the June jobs number that will be released at 8:30AM.\u00a0 I’m going to keep an eye on JRCC that closed down 14 points.\u00a0 MS defended the coal stocks at 3pm and they continued to get killed.\u00a0 If JRCC bounces I would look to dump at 48.50.<\/p>\n

\u00a0RIMM low on wednesday was 113.72.\u00a0 Will look for a bounce from 114 if it drops on the Open.\u00a0 Resistance at 118 and 119.<\/p>\n","protected":false},"excerpt":{"rendered":"

After yesterday’s strong bounce the market failed to have a second consecutive up day.\u00a0\u00a0 There was steady selling in multiple sectors all afternoon.\u00a0 Tech and Energy in particular got hit hard into the close.\u00a0 Energy stocks were selling off despite oil\u00a0 setting new time highs.\u00a0 If the tech selloff continues tomorrow we will breach the 2008 lows and may start … Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8],"tags":[30,18,301],"class_list":["post-30","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-steven_spencer_steves_blogs","tag-prop-trading","tag-smb-capital","tag-trading-blog","no-post-thumbnail"],"yoast_head":"\nMarket In Trouble--July 2nd | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/market-in-trouble-july-2nd\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market In Trouble--July 2nd | SMB Training\" \/>\n<meta property=\"og:description\" content=\"After yesterday’s strong bounce the market failed to have a second consecutive up day.\u00a0\u00a0 There was steady selling in multiple sectors all afternoon.\u00a0 Tech and Energy in particular got hit hard into the close.\u00a0 Energy stocks were selling off despite oil\u00a0 setting new time highs.\u00a0 If the tech selloff continues tomorrow we will breach the 2008 lows and may start ... 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