Tuesday, April 24, 2012

ES Daily Plan 042412

Commentary

Markets continued to drift higher after the close yesterday all the way to 69.25 ONH. Spanish and Dutch debt did not seem to disturb European markets.

US Econ calendar has home data and we have the Fed tomorrow. Investors will be looking for any hint at continued easing or support.

AAPL reports after the close so if this decline is going to reverse this stock could ignite that movement.


Open Type

Open Auction Out Of Range ( as of 5:41 AM)

Trade Scenarios

Watch to see if 65 MCVPOC holds with 70 being a strong area of resistance.

- Longs:  63 or below that 60-59 with upside targets 65 & 70. Below that 55-52 with targets 59-60.

- Shorts: 70-71 with downside targets 65 and 60. Above that possible short areas are 75-77 then 79-80 but will probably looking for a scalp rather than a full rotation if we push up to those levels today.

Econ Calendar

US

Tue Apr 24ReleaseImpactForActualExpectedPrior
9:00 AMCase-Shiller 20-city IndexFeb--3.4%-3.8%
10:00 AMConsumer ConfidenceApr-69.570.2
10:00 AMNew Home SalesMar-318K313K
10:00 AMFHFA Housing Price IndexFeb-NA0.0%

Global
Tue
Apr 24
02:00Currency: chfCHF Trade Balance (Swiss franc) (MAR)Medium3.00B2.68B
02:00Currency: chfCHF UBS Consumption Indicator (MAR)Medium0.87
04:30Currency: gbpGBP Public Finances (PSNCR) (Pounds) (MAR)Medium13.0B-7.8B
04:30Currency: gbpGBP Public Sector Net Borrowing (Pounds) (MAR)Medium14.2B12.9B
05:00Currency: eurEUR Eurostat Discontinues the Release of Industrial OrdersMedium
08:30
LIVE
Currency: cadCAD Retail Sales (MoM) (FEB)Medium0.2%0.5%
10:00
LIVE
Currency: usdUSD Consumer Confidence (APR)Medium69.570.2
10:00Currency: usdUSD New Home Sales (MAR)Medium320K313K
Major or Notable Earnings Today


AAPL (AH), MMM, AMGN, T, BIDU, BHI, BYD, COH, HGSI, ITW, JDAS, JNPR, KSU, PNRA, RSH, X, ZOLL

ES (3 minute, Daily) 



AAPL (30 minute, Daily)




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