First up, we have the pending home sales which is predicted to show a decline of 2%.
Then we have Chinese Manufacturing PMI at night.
On tuesday, we have US ISM manufacturing.
On wednesday, we have ADP.
On Thursday, we have the usual unemployment claims which may continue to linger below 400k.
On Friday, we have the Non-Farm payrolls.
All these reports may support the market rally. And since 12000 is a pscyhological level, some funds might end up placing their money here.
Libya is expected to be peaceful soon as Gadaffi faces his final hours. Oil price should correct sharply to $90.
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