Tuesday, March 27, 2012

032712: ES Failed F U Move & NQ strong until EOD

Warning signs were:

- ES could not get above globex VWAP
- ES delta was weak all day sub 0
- ADVN-DECN was weak all day (chopping around 0 line)
- TRIN was strong
- VIX was strong all day
- ZB uptrending all day
- Finnies were weak (BAC d/g)

Conflicting signs were:

- NQ uptrend almost all day
- AAPL AMZN strong almost all day except EOD
- TICK strong all day except EOD
- prior day saw a massive F U squeeze rally in the final hour

News impact:


econ news
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 Budget Hearing (Geithner)
10:00 Hearing: Fed’s aid to Eurozone (Dudley)
12:35 PM Fed’s Rosengren: Economic Outlook
12:45 PM Bernanke: ‘The Federal Reserve and the Financial Crisis’
3:45 PM Fed’s Duke: ‘Building Sustainable Communities’


ES


NQ


Internals


Futures & Stocks


Metals & Futures



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