The poor jobs news this morning triggered a run for the exits and the buyers did not want to step in before the French election this weekend. It was the biggest loss of the year on poor breadth and higher volume. We broke the minor support that we had and now the April lows are back in play. Even Apple gave back its post-earnings gains. We are short term oversold but may be entering into the beginning of an intermediate down trend and any bounces have to watched with caution and oversold conditions may become more oversold.
