Your MUST-READ Morning Stock Futures Cheat Sheet: Europe and Jobless Claims weigh no the markets

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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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To contact the reporter on this story: Bob English at

To contact the editor responsible for this story: Damien Hoffman at