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All 3 markets start flat in pre market but immediately start sliding down to start the day, likely due to a jobs report that showed new jobs added being way under predicted for August. Likely due to that being the last month of unemployment benefits, my prediction is that we will see a bounce back of jobs for September as people are forced to go back to work.
Since markets are sliding we of course want to look for stocks that have good relative strength to the market. Nothing super impressive so far, but a couple on my list are PII, CRUS, DXC, and ZTO.
Bitcoin and crypto have an overnight slide after a nice weekend of gains, we will see if the beginning of El Salvador using Bitcoin as legal currency today has any effect on price or volume movement. If it does, it will be nothing substantial but a little boost to get some momentum going would be nice.
All 3 markets start flat in pre market but immediately start sliding down to start the day, likely due to a jobs report that showed new jobs added being way under predicted for August. Likely due to that being the last month of unemployment benefits, my prediction is that we will see a bounce back of jobs for September as people are forced to go back to work.
Since markets are sliding we of course want to look for stocks that have good relative strength to the market. Nothing super impressive so far, but a couple on my list are PII, CRUS, DXC, and ZTO.
Bitcoin and crypto have an overnight slide after a nice weekend of gains, we will see if the beginning of El Salvador using Bitcoin as legal currency today has any effect on price or volume movement. If it does, it will be nothing substantial but a little boost to get some momentum going would be nice.