The SPX 500 sits about 1 point higher than yesterday’s close on the S&P 500. Overnight we had better than expected CPI and PPI out of China, which was due to the holidays. There were no surprises with the ECB rate decision as it remained at 1%. We also had commentary that the Greek debt deal was to be resolved shortly again.
All the economic data over the last 24 hours has been positive. Taking a look at the technical’s, the SPX 500 has only closed below the 10 Day simple moving Average once since December 21st 2011. We will see if the Greek debt deal can continue to buy time up until March 20th.
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