- Steve Jobs resigned
- Investors on "Fed Watch"
- 8:30am unemployment claims
- Global economic fears remain, but markets have rallied the past two days
Technicals: Charts showing bullish technicals. Long signals present on the slow charts for the past 36 hours. Medium and fast charts also showing current long bias. BUT these signals are after the sell-off in the NQ following the Steve Jobs news. Also, unemployment claims are released at 8:30am, so markets can go EITHER way after that, since the claims are looked at as a catalyst normally.
Course of action: Wait for claims, keep monitoring Apple news, and continue fast term analysis into the claims number to see if buyers or sellers will take over from a technical perspective.
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