Friday, April 27, 2012

ES Daily Plan 042712

Commentary


Open Type

Opening Out of Range (as of 5:25 AM) could open inside post GDP.

Trade Scenarios

Will probably wait until after Michigan Confidence and we settle to take a trade.

- Longs: 89-90, 87, 85 with upside targets 1400+

- Shorts: 1401-1403, 1395, with 1387 & 85 downside targets. Will probably only consider shorts on strong weakness or under down channel support.

Econ Calendar

Global
Fri
Apr 27
Currency: jpyJPY Bank of Japan Rate Decision (APR 27)High0.10%0.10%
Currency: gbpGBP Nationwide House Prices n.s.a. (YoY) (APR)Medium-0.3%-0.9%
01:00Currency: jpyJPY Annualized Housing Starts (MAR)Medium0.875M0.917M
01:00Currency: jpyJPY Housing Starts (YoY) (MAR)Medium8.2%7.5%
02:00Currency: eurEUR German GfK Consumer Confidence Survey (MAY)Medium5.95.9
03:00Currency: chfCHF KOF Swiss Leading Indicator (APR)Medium0.20.08
08:30Currency: usdUSD Core Personal Consumption Expenditure (QoQ) (1Q A)High2.1%1.3%
08:30
LIVE
Currency: usdUSD Gross Domestic Product (Annualized) (1Q A)High2.5%3.0%
08:30Currency: usdUSD Gross Domestic Product Price Index (1Q A)High2.2%0.9%
08:30Currency: usdUSD Personal Consumption (1Q A)Medium2.3%2.1%
09:55Currency: usdUSD U. of Michigan Confidence (APR F)High75.975.7
Major or Notable Earnings Today



ALV, COV, CPN, CVH, DTE, F, GT, IMAX, IP, KKR, MRK, NEM, PG, SPG, TOT, VFC, VTR, WY

ES (3 minute, Daily, 30 minute) 






Thursday, April 26, 2012

Friday Preview: SPX, SPY, NDX, XLF, AAPL, IYT, McClellan Oscillator


SPX (30 minute)


SPY (30 minute)


BIX-X (Hourly)


XLF (Hourly)


NDX (Hourly)


AAPL (Hourly)




IYT (Hourly)


McClellan Oscillator (Daily)




Wednesday, April 25, 2012

ES Daily Plan 042612

Commentary

AAPL & the Fed managed to push stocks up yesterday with gusto. Euro Zone CC fell worse than expected and sent markets from a ES 92 high.

We just had a disappointing initial claims report and futures are falling right now. We have pending home sales next.

Expecting an inside day and possible chop action today.


Open Type

OIR ( as of 5:35 AM)

Trade Scenarios

- Longs: 80, 77, 70 with upside tgt's 87, 92, 1400. 77 & 70 are my ideal long.

- Shorts: 92, 87, 80 with downside tgt's 77, 70 & 65

Econ Calendar

US 




Thu Apr 26ReleaseImpactForActualExpectedPrior
8:30 AMInitial Claims04/21-373K386K
8:30 AMContinuing Claims04/14-3300K3297K
10:00 AMPending Home SalesMar-0.5%-0.5%


Global 



Thu
Apr 26
00:30Currency: jpyJPY All Industry Activity Index (MoM) (FEB)Medium-0.1%-0.2%-1.0%
04:30Currency: gbpGBP BBA Loans for House Purchase (MAR)Medium318883400032840
05:00Currency: eurEUR Euro-Zone Business Climate Indicator (APR)Medium-0.52-0.3-028
05:00Currency: eurEUR Euro-Zone Consumer Confidence (APR F)Medium-19.9-19.8-19.8
05:00Currency: eurEUR Euro-Zone Economic Confidence (APR)Medium92.894.294.5
05:00Currency: eurEUR Euro-Zone Industrial Confidence (APR)Medium-9.0-7-7.1
05:00Currency: eurEUR Euro-Zone Services Confidence (APR)Medium-2.4-0.5-0.3
08:00
LIVE
Currency: eurEUR German Consumer Price Index - EU Harmonised (YoY) (APR P)High2.2%2.3%
08:00
LIVE
Currency: eurEUR German Consumer Price Index (YoY) (APR P)High2.0%2.1%
08:00
LIVE
Currency: eurEUR German Consumer Price Index - EU Harmonised (MoM) (APR P)Medium0.1%0.4%
08:00
LIVE
Currency: eurEUR German Consumer Price Index (MoM) (APR P)Medium0.1%0.3%
08:30Currency: usdUSD Chicago Fed Nat Activity Index (MAR)Medium-0.09
10:00Currency: usdUSD Pending Home Sales (YoY) (MAR)Medium13.9%
19:01Currency: gbpGBP GfK Consumer Confidence Survey (APR)Medium-30-31
19:30Currency: jpyJPY Household Spending (YoY) (MAR)Medium4.0%2.3%
19:30Currency: jpyJPY Jobless Rate (MAR)Medium4.50%4.5%
19:30Currency: jpyJPY National Consumer Price Index (YoY) (MAR)Medium0.4%0.3%
19:50Currency: jpyJPY Industrial Production (YoY) (MAR P)Medium15.5%1.5%
19:50Currency: jpyJPY Large Retailers' Sales (MAR)Medium7.2%0.2%
19:50Currency: jpyJPY Retail Trade (YoY) (MAR)Medium10.0%3.5%
21:00Currency: audAUD HIA New Home Sales (MoM) (MAR)Medium3.0%
21:30Currency: cnyCNY Industrial Profits YTD (YoY) (MAR)Medium-5.2%

Major or Notable Earnings Today


AMZN, AMLN, ATHN, CELG, CSTR, CCL, DECK, D, GILD, HP, JBLU, KLAC, LIZ, MYL, REGN, UPS, ZOLL, ZNGA

ES (3 minute, Daily)