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 Auction Out Of Range ( as of 5:41 AM)
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.
|Tue Apr 24||Release||Impact||For||Actual||Expected||Prior|
|9:00 AM||Case-Shiller 20-city Index||Feb||-||-3.4%||-3.8%|
|10:00 AM||Consumer Confidence||Apr||-||69.5||70.2|
|10:00 AM||New Home Sales||Mar||-||318K||313K|
|10:00 AM||FHFA Housing Price Index||Feb||-||NA||0.0%|
|02:00||CHF Trade Balance (Swiss franc) (MAR)||3.00B||2.68B|
|02:00||CHF UBS Consumption Indicator (MAR)||0.87|
|04:30||GBP Public Finances (PSNCR) (Pounds) (MAR)||13.0B||-7.8B|
|04:30||GBP Public Sector Net Borrowing (Pounds) (MAR)||14.2B||12.9B|
|05:00||EUR Eurostat Discontinues the Release of Industrial Orders|
|CAD Retail Sales (MoM) (FEB)||0.2%||0.5%|
|USD Consumer Confidence (APR)||69.5||70.2|
|10:00||USD New Home Sales (MAR)||320K||313K|
AAPL (AH), MMM, AMGN, T, BIDU, BHI, BYD, COH, HGSI, ITW, JDAS, JNPR, KSU, PNRA, RSH, X, ZOLL
ES (3 minute, Daily)