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SMH Semiconductor Hldrs ETF attempting to stabilize after testing support zone (34.59 -0.58) Second level support noted in The Technical Take at 34.55/34.45 has been tested in recent trade (session low 34.45) with it attempting to stabilize -- ADI -1.6% (hovering near its 50 sma), AMAT -2.3%, ALTR -2.1%, AMD -2.2%, AMKR -3.6% (tested 50 sma/ema), BRCM -1.6%, KLAC -1.5% (tested 50 sma), LLTC -1.4% (tested 200 ema), TER -2.6% (tested 200 ema). 

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ECONX Labor Sector Recovery Remains Sluggish, Unemployment Ticks Higher For the second consecutive month, nonfarm payroll growth underperformed expectations and stayed well below the 100,000 per month needed to maintain a stable unemployment rate. Nonfarm payrolls added only 18,000 jobs in June after adding a downwardly revised 25,000 (from 54,000) in May. The Briefing.com consensus expected nonfarm payroll growth of 80,000. The lack of job growth should not be too shocking, except in…

Google shares now down ~2.8% in premarket trade after stock was downgraded to Equal Weight, from Overweight, at Morgan Stanley (546.60 ) -Update- Stock at $532.50 in premarket.

Read more: http://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz1RWejVEYU[7:53:25 AM] mario marciano: 

FCX Freeport-McMoRan: Workers at Freeport Indonesia plans to extend its strike that began on July 4th through July 18th - Dahlman Rose (54.82 -0.67) Dahlman Rose notes the union representing workers at Freeport Indonesia plans to extend its strike that began on July 4th, through July 18th. The Grasberg mine is the co's premier asset, and accounts for roughly 30% of its production. Freeport believes the strike is illegal, but is prepared to begin negotiations for a new two-year contract. This…