Tumble on the markets today as oil and the metals surged higher with the troubles in the Middle East spreading towards Saudi Arabia.
The market is looking to the ADP employment report tomorrow morning, as an forward indication of the Non Farm Payrolls report on Friday. It has a mixed record.
Weak market, but it held key support for now.
Lots of hand-wringing and wonderment amongst the financial demimonde today as a former McKinsey and Goldman Director with a Harvard MBA Rajat Gupta was charged with the widening insider trading case, for disclosing the Buffett investment in Goldman a minute after it was disclosed to the board, among other things. I smell a hand slap on this one, but the scapegoat pedigrees are getting a little tonier, but still not part of the real in-crowd.
Let's see if the SP futures can hold the important support around 1295. Below that support is indicated on the chart. If stocks fall below the Pivot things could get dicey.
