Market wrap - 4:20ish

Not much action today as the market traded pretty much flat after a dip in the morning. For the second straight day the NASDAQ didn't participate much, closing down a little. Google got hammered for the third day falling from $629.51 to $594.10 at the close today. The banking index BKX was on fire as many smaller banks were rocketing up for the third day. The large banks did well too, but not like the smaller and regional banks.

Volume was about normal for the indexes and the dollar had a great day finishing at 77.97, heading toward the resistance at 78.34. The BOE (Bank of England) did not change interest rates today, and there are rumors China my raise theirs. Nat Gas report was close to expectations but dropped 2.85%, and crude oil took a dip and fell .061%

Tomorrow morning at 8:30 we will get the all important non-farm Employment report, which will no doubt set the tone for the market. The street estimates are all over the map so it seems this time nobody has a clue, but the NASDAQ website is posting expectations of - M/M change of 10,000. Prior number was -11,000 and projections is -50,000 to 40,000. We shall see at 8:30. I'll have it posted as soon as they make the official numbers available. Today's jobless claims did not hit the web until 9:00 which is about as late as I've seen them. I will post some employment charts below for comparison for tomorrow.

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