The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Europe and Jobless Claims weigh no the markets
Big Picture Analysis – After the ES made a new overnight high for the week to 1390.00, weakness in Europe, followed by a disappointing Jobless Claims this morning led to a breach of yesterday’s lows, and the ES looks to open about flat. Three reports at 10:00 am today, including the Philadelphia Fed Survey, should move the markets, and today could prove pivotal in terms of setting up a move with legs into next week. Tomorrow is also options expiration.
Do to technical problems, we are not able to produce the support and resistance chart today.
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