Charts I’m Watching: Feb 1, 2013


E-mini futures are up big overnight, but have yet to exceed Wednesday’s high.

A positive revision in BLS’s Nov and Dec employment numbers makes 2012 look better than it did, but I’m not sure how it helps today’s 12.3 million unemployed or 8 million underemployed or 2.4 million marginally attached…


Markit Mfg PMI actually a little lower than Jan 24 flash numbers.

Verdict: not chasing this ramp job unless it exceeds recent highs — which I don’t believe it will, at least not from this news.

Remember, we have Reuters/U of Michigan Consumer Sentiment coming up at 9:55 and ISM’s Mfg Report on Business at 10:00.

Watch the channel midline here…

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