InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Mixed Data As Markets Ready For Next Major Move


The stock markets are flat today after mixed data across the globe. Overnight, China gave the futures a push after reports showed inflation cooled slightly. The consumer price index rose 4.1% in December in China. Overnight, the Dow Futures had been higher by over 100 points. This morning the ECB disappointed the markets when they held interest rates at 1%. Traders had been hoping for a more dovish ECB. At 8:30am ET, Jobless Claims were reported at 399,000. This was a jump from last week and back to that scary 400,000 level. The futures dropped back to the flat line which is where the markets are trading now. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $129.01, -0.24 (-0.19%). ...Continue reading here: http://bit.ly/zyIsex