Total bummer last night. Dow dropped a 100 pts when job claims dropped by 8000 but fell short of expectations. Showing that people are not looking well at the economy. Bet many at the asian side were scared shit by DOW. It's getting clearer that now the DOW is undergoing consolidation and we are hanging dangerously on the 100 Days Moving Average. If DOW breaks tonight, then prepare to fall to 9600 pts. Tonight we will have some economic news again: First look at 4th Q GDP; Chicago PMI; consumer sentiment; earnings from Chevron.
Chicago PMI should look good with improvement along with higher consumer sentiment. So tonight might go up.
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