Thursday, March 1, 2012

ISM Manufacturing Misses, Send Market Lower

The initial reaction to the ISM miss looked like this just 2 minutes ago...


Here's the data...

Released On 3/1/2012 10:00:00 AM For Feb, 2012
PriorConsensusConsensus RangeActual
ISM Mfg Index - Level54.1 54.6 54.0  to 55.5 52.4 


ISM not only missed consensus of 54.6, but declined from the previous print at 54.1 coming in at 52.4


As you can see below, 3C never confirmed the opening trade.

Confirmation of opening trade would have seen 3C in the area of the orange box.

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