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US April Job Cuts Up 11% From A Year Ago – Wall Street Journal

US April Job Cuts Up 11% From A Year Ago
Wall Street Journal
US employers planned to cut 40559 jobs in April, an 11% increase from a year ago, according to the latest report from outplacement firm Challenger, Gray & Christmas Inc. The April total is also up 7.1% from the 37880 job cuts announced in March.
Announced U.S. Job Cuts Rise 11% From Year Ago, Challenger SaysBloomberg


Job Cuts Increase 7.1% in April: Challenger ReportCNBC.com
Planned Job Cuts Rise 7.1% in AprilFox Business
Business Insider –MNI News
all 17 news articles »

 


Skating on Thin Ice, Keep Life Preservers Handy

We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.

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These reports are not investment advice. They are for informational purposes, for a broad audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. 

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