We have psychological pattern change---market is now reacting to exogenous news the past week and today. When bull is lathered it doesn't respond to nearly anything. Todays news--car bombs found in front of U.S.Embassy in Karachi/Spain socialist party has major upset in Spain and the PM-elect announces Spain is pulling out of Iraq/Spain bombings confirmed Al Queda linked via Morocco.Those news items when Bull is lathered would be ignored. I can see no other reason for futures being so bad. NDX -11.
But we have numbers between 8:30a.m. and 9:15a.m. See if futures react to them. 2nd number is consensus estimate. Third number is prior. 1st number Breifing.com estimate Mar 15 08:30 NY Empire State Index Mar 37.0 38.9 42.05
Mar 15 09:15 Industrial Production Feb 0.6% 0.4% 0.8%
Mar 15 09:15 Capacity Utilization Feb 76.6% 76.4% 76.2%
Market Data 
Markets 
AI
