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

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.

Click above images for larger size.

To contact the reporter on this story: Bob English at staff.writers@wallstcheatsheet.com