As you probably know, the US indexes closed ABOVE psychological resistance last night.
The Dow closed at 13005.10; S&P500 closes 1372.18 while the NASDAQ closed 2986.76.
There were 3 economic data released last night
· Durable orders at -4.0% vs. -1.4% expected; Durable Orders ex Transportation at -3.2% vs. 0.2% expected. This is very negative
· Case Shiller 20 city index at -4.0% vs. -3.6% expected. Another weak data.
· Consumer confidence at 70.8 vs. 62.5.
And the market focused on the Consumer confidence data, overshadowing the weak...
