Equity Futures Point Lower on Heightened Eurozone Concerns

This morning. Equity futures are lower, as eurozone sovereign debt concerns and Friday’s poorer than expected jobs report weigh on equities. On Friday, U.S. equity markets closed narrowly lower on decreased volume. Markets are in a confirmed uptrend. Distribution days (which track index losses of more than 0.25% on increased volume) number four for the Nasdaq, three on NYSE composite, one for the SPX, and none for the DJI in the past 25 trading days. March SPX futures are at 1262.70, down 4.70 points after fair value adjustment. Next SPX resistance is at 1278.32. Next support is at 1263.19.