S&P 500 : +0.3% in early trade
Check out the trading range breakout
2132 / 2154
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After finishing slightly down by 0.17% at 2139 points yesterday, with oil and Apple, the S&P 500 is expected to open up 0.3%.
On the macroeconomic front, weekly unemployment claims came out at 258K (261K consensus) and core durable goods orders remains neutral at +0.2%. At 10AM, will be announced pending home sales, anticipated at +1.2%.
Technically, the S&P500 continues its horizontal consolidation with no real trend. We will continue to monitor the output of the 2132/2154 points for more visibility on the future trend.
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