Watch Job Data for Impact: Dave's Daily

Markets continue their seemingly unrelenting rise.  Sellers are easily crushed while volume remains relatively light as is news.  But, Thursday Jobless Claims will be featured unless investors brush off a bad number.  One thing is clear, estimates are quite negative (consensus around 450K) making a beat seem easier.

It's uncomfortable that markets are now both short and intermediate term overbought.  At the same time the VIX is reflecting investor complacency.

Let's see what happens.  You can follow our pithy comments on twitter and become a fan of ETF Digest on facebook.

 

Disclaimer:  Among other issues the ETF Digest maintains positions in: MDY, MVV, IWM, TNA, XLY, XLI, IBB, UUP, DGP, UCO and XPP.

 

The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security.  Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period.  Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.

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