Markets expected to open up and ISM Manufacturing (FEB) report at 10

March 1st, 2012
in Gary's blogging

9:06     Good morning. The 500 futures are up. I expect the market to open up for the cash crowd. For the DOW up about 30 to 35 and the 500 several points.


@leavitt: "The market felt weak yesterday, but the closing numbers weren’t too bad. The small caps dropped about 1%. Most other indexes dropped about 0.5%. Volume did expand, but in the grand scheme of things, it was just an innocent down day within a solid uptrend.

In the near term, it’s becoming more worrisome the small caps are lagging."


The financial reporting this morning fell short of what was being predicted.


(10 min chart of the SP500 futures)


Written by Gary

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