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Post: Tuesday Slow News Day | Daily Delphi

BlogsPit Talk › Tuesday Slow News Day November 5, 2013, 6:50 am

MONDAY RECAP
The December S&P contract managed to post a gain of +8.30 to close out the day at 1763.00. The August and September factory orders releases came in under expectations but the markets stayed in positive territory based on the flow of positive earnings information. Dec WTI traded both sides of unchanged to finish the day up +.01 that seems unchanged at 94.62. Gold didn't see much action either. The December contract settled up +1.5 at 1314.7 on very light volume.


TODAY'S ACTION
9:00AM CT
ISM Services Forecast 55.0 Prior 54.4

Not much on the calendar for today but the equities do still have earnings reports rolling in. This Friday will play host to the monthly Non-Farm Payrolls number, so things could remain quiet for the rest of the week. On the energy front it looks like oil is going to have a tough time treading water. There seem to be a lot of factors pushing oil down but the early December OPEC meeting and Iran making nice with everyone might offer a bottom in the not to distant future. Trade Strong


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