Initial Claims Forecast 335K Prior 323K
Durable Orders Forecast -3.0% Prior3.8%
Chicago PMI Forecast 58.0 Prior 65.9
Michigan Sentiment Forecast 73.5 Prior72.0
Leading Indicators Forecast -0.1% Prior0.7%
Crude Inventories Forecast Prior 0.375M
Lots of data out today but we'll have to see if lots of people are watching. Today is expected to be the busiest travel day of the year and that means fewer traders in the market. Yesterday's volumes were lower across the board and that will be indicative of today and Friday. The first numbers of the morning could spark some movement. Initial claims is always volatile but has drawn some interest since Big Daddy declared the labor situation a key factor to watch. Durable orders and Chicago PMI are always strong indicators. All the info from the leading indicators release is already in the market. The Michigan sentiment number will take on added importance after yesterdays weaker than expected consumer confidence number. Trade wisely and have a great Thanksgiving.