Market wrap - 5:00PM

The market hours were extended today by 15 minutes due to some electronic system problems at the NYSE. Closed at 4:15. The job numbers didn't sit too well with traders today as we saw a pretty good sell off. Dow 8,280.74 -223.32 (-2.63%) S&P 500 896.42 -26.91 (-2.91%) Nasdaq 1,796.52 -49.20 (-2.67%) Gold 931 -10 -1.09% Oil 66.31 -2.58 -3.75% Today by sector: Today's heatmap:

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Lookie what we have here? I'm not a technician, but that looks like a pretty nice head and shoulders. We have yet to find out of course. Earnings season is right around the corner, and next week we have some bond auctions that might be interesting. The economic news is not very good with a few exceptions. Less bad, not as bad as expected, contracting slower, and green shoots have been the buzzwords. The chart is suggesting a bearish tone. I think we may want to watch that chart. Green shoots might turn into weeds.