Alot of news coming out in the next 20 minutes. Initial claims will be followed closely, a drop below 450,000 could set the mood for more upside today, anything higher than 460,000 and the rally could stall. Jul 15 8:30 AM Initial Claims 07/10 - 430K 450K 454K - Jul 15 8:30 AM Continuing Claims 07/03 - 4450K 4400K 4413K - Jul 15 8:30 AM PPI Jun - -0.1% -0.1% -0.3% - Jul 15 8:30 AM Core PPI Jun - 0.0% 0.1% 0.2% - Jul 15 8:30 AM NY Fed - Empire Manufacturing Index July - 19.0 18.0 19.57 - Jul 15 9:15 AM Industrial Production Jun - -0.2% 0.0% 1.3% - Jul 15 9:15 AM Capacity Utilization Jun - 74.1% 74.2 74.1% - Jul 15 10:00 AM Philadelphia Fed Jul - 10 10.1 8.0 -
Both numbers just horrible. Jul 15 Empire Manufacturing Index Actual 5.08 EST: 19.0 Jul 15 The Philly Fed index fell to 5.1 in July from 8.1 in June. Economists were expecting an increase to 10 in July.
filled the gap. now what? i have no idea. nitro has 30 pts spread with his NFV suggesting an up-move.
going back up. retest SPY 110 yet again today? if this continues we will break through 110 very soon.