These Numbers Will Impact The Market…

  • February 28, 2003
  • Dave Floyd

I suspect that the economic data to be released at 9:45 and 10:00 AM EST today
will potentially have a nice impact on the markets, if they come in far from
consensus.

  • Michigan Sentiment at 9:45, consensus is
    79.2.

  • Chicago PMI at 10, consensus is 52.5.

As usual, keep you fingers poised on the keyboard as these numbers are
released. The volatility can be excellent for HVT
setups. Naturally, given the negative tone of the market, any upside surprise
should be a bit more lucrative that an in-line or slightly lower number.

For me, this is where I will be looking to make the bulk of my money today. If they come in-line with expectations, I will do nothing.

The remainder of the session will be spent patiently looking for some setups
that will allow me to position with the overall direction of the market.

Key Technical
Numbers (futures):


S&Ps
Nasdaq
856-57 *1039-44*
849-50 *1019-25*
843-45 1006
838 998
835 987-91
**831** 970-74
**824** 962
821 952
814  

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As always, feel free to send me your comments and
questions.

Dave

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