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Stock Market Videos: Master Insight Into The Markets, Profit With The Pros

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The markets opened slightly higher on a solid Non Farm Payroll Report showing 117,000 jobs created. This was better than expected. However, with a catastrophic collapse occurring in Europe, those gains were short lived. The markets started to fall, turn negative and collapse. The indexes dropped 2% or more by lunch time. When using technical analysis however, the markets tagged the master $118.00 level on the SPY which was major support. Sure enough, the stock market reversed all its losses and is now hovering on the positive side. It now appears as if the ECB (European Central Bank) will help buy Italian bonds if Italy makes the right cuts. Stocks have reversed off major lows and have bottoming tails. This is a short term bottom signal.