Well it appears the mood of things has changed somewhat for the time being. This is an intraday chart of the SP 500 futures, and as you can see now all the rallies are being sold as opposed to all the dips being bought.
Todays comedy from the spin masters was that it was good news that weekly unemployment claims were only 560k instead of the 570k that was anticipated! Are you serious? How in the world do people keep their jobs lying like this. I am not sure if it is just me getting cynical with age or if the media has just completely lost all sense of integrity.
However, the grand act of manipulation is ahead of us tommorrow when the NFP report is released. They will doctor the current number but look for a revision on the last months doctored number to accompany it. In other words, they falsify the data or play with it to show a certain current month number then revise the previous months fake number to it's real number. They hope for that to be a behind the scenes number that gets overlooked with everyone focusing on the current headline number.
This is not a new trick from Barry's group, it has been going on for decades. However, they do seem to be ramping up the doctoring of things.
Look for a sharp spike up that gets reversed on that report tommorrow. I think we are in a sell the rally mode here for a bit.