Jobless claims: 365k vs 370 consensus
*Factory orders are due at 10am
-
sp'60min
sp'daily5
Summary
We appear to be set to open much like yesterday, sp +5pts to 1380 or so.
There is little question that we are rolling over on the daily cycle - as lead by the Transports and Rus'2000 indexes, yet we're still trading within a channel that is now five weeks old.
Good wishes for Thursday trading!
--
Knight Capital: whose algo-bots went wild yesterday...-50% pre-market....have reported a loss of $440 million due to their crazy bots!
--
UPDATE 9.04am
Draghi notes that he does NOT have the authority to do anything else.
Market swings from a brief peak of sp+10pts to -10pts.
;)