Morning folks. Futures are gapping down over some overseas worries. Worries over the next eurozone country to fall has been focused on Portugal and Spain. In the scheme of things Spain news would be a market killer and they are getting close as they have 20% unemployment and quite a bit of debt and excess to work out. The markets are gapping down 1% accross the board. OIL and GAS are pretty strong. Nat Gas is gapping up hardcore with a 6% move. I havent seen a nattie move like that for quite some time. Keep an eye on those names.
Levels to watch today SPX 1175 (50dma) and the big resistance SPX 1120. sooner or later 1 of them will break.
here are the video watchlsit…..finviz charts are below
