Here are a few of the economic releases due out tomorrow:

Jobless Claims
[Report][Star]8:30 AM ET
ISM Non-Mfg Index
[Report][djStar]10:00 AM ET
Of these, I will be watching the Jobless claims closely.  As you can see from the chart below, we have a pretty clear downtrend line going back a couple of years which showed a clear downtrend (improvement) in jobless claims, using the 4 week moving average for smoothing purposes.  However, that downtrend ended back in May (coincidentally or not, shortly after the stock market also topped earlier this year) when the 4 week moving average broke above the downtrend line.  Since then, the 4 week average has made a successful retest of that trendline and has turned back higher, quite possibly indicating the early stages of a new uptrend.  Expectations are are for 370k new claims but keep in mind that this particular data set is very volatile and that one set of data points does not make a trend, although it may help towards confirming or refuting one.
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