MOVING FUTURES

Equtiy futures moving up this morning on the heels of a better than expected durable goods number.

ES +8;

NQ +11;

YM +67;

TF +6.2

Important areas today for trading are the 900 level on the ES which is daily R2 and above the SMA 50 on the ES which is sitting at 895.

On the NQ, 1435 is R1 while the SMA 50 is way below at 1410- R2 on the NQ sitting 10 points higher at 1445 area.

And looks like another forecast that the recession will end this year- big deal.