Published yesterday ISM index in the manufacturing sector showed a marked improvement, however, it accounts for only 1 / 10 the U.S. economy. Now watch the production orders in the U.S..
Yesterday ISM index in the manufacturing sector showed a marked improvement: the employment rate rose for the first time since July 2007. New orders declined, but remained in positive territory. In general, the report can be called positive, but the manufacturing sector is only one-tenth of the U.S. economy. The publication of Tomorrow ISM index in the remaining sectors, except manufacturing, will present a picture of what happens in the remaining 9 / 10 economy.
Index S & P500 suspended growth in the 50-day moving average at 1052. This level represents a good opportunity to enter the market with "short" side.
Saxo Bank
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