Equites rallied yesterday on good overnight economic data out of Europe. The December E-mini Dow hit a new contract high and the December S&P closed at 1765.60 up 9.10. It appears that traders were also encouraged by this week's number of IPO's which is the most active since September 2007. The Dec WTI saw some light yesterday after the Crude Inventories build came in smaller than expected at 1.577 million barrels.
Initial Claims Forecast 335K Prior 340K
GDP-adv Forecast 2.2% Prior 2.5%
Consumer Credit Forecast 12.0B Prior 13.6B
Today is the day before the Non-Farm Payrolls number and that spells slow day. We're still in earnings season and the advance Q3 GDP will give the markets something to watch but if history is any indication it will be a wait and see kind of day. Trade Wisely