Wednesday, April 25, 2012

ES Daily Plan 042512

Commentary

AAPL blew away earnings and carried tech with it. NQ could begin leading ES now which is what you wanna see if you're bullish intraday.

Europe seem to remain tame with Draghi bolstering support for continued monetary stimulus.

Fed day today markets could wait to see and may be range-bound chop.


ONR: 12.5
ONL: 69.5
ONH: 82

Open Type

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

Trade Scenarios

- Longs: 75-73, 70-69 (ONL) most plausible, 65-63 with upside targets: 85+, 82 (ONH), 80-79.5 (ONVPOC), 76 

- Shorts: 80-82, 75, 73-70 with downside targets: sub 65, 69, 73

Econ Calendar

US



Wed Apr 25ReleaseImpactForActualExpectedPrior
7:00 AMMBA Mortgage Index04/21-NA6.9%
8:30 AMDurable OrdersMar--1.7%2.4%
8:30 AMDurable Goods -ex TransportationMar-0.5%1.8%
10:30 AMCrude Inventories04/21-NA3.856M
12:30 PMFOMC Rate DecisionApr-0.25%0.25%


Global



Wed
Apr 25
02:00Currency: jpyJPY Machine Tool Orders (YoY) (MAR F)Medium2.4%
04:30
LIVE
Currency: gbpGBP Gross Domestic Product (QoQ) (1Q A)High0.1%-0.3%
04:30
LIVE
Currency: gbpGBP Gross Domestic Product (YoY) (1Q A)High0.3%0.5%
08:30Currency: usdUSD Durable Goods Orders (MAR)High-1.5%2.2%
08:30Currency: usdUSD Durables Ex Transportation (MAR)Medium0.5%1.6%
12:30
LIVE
Currency: usdUSD Federal Open Market Committee Rate Decision (APR 25)High0.25%0.25%
14:00Currency: usdUSD FOMC to Release Projections of Economy and Fed Funds RateHigh
14:15Currency: usdUSD Fed's Bernanke Holds Press ConferenceHigh
17:00Currency: nzdNZD Reserve Bank of New Zealand Rate Decision (APR 26)High2.50%2.50%
19:01Currency: gbpGBP Nationwide Consumer Confidence (MAR)Medium4344
20:00Currency: audAUD Conference Board Leading Index (FEB)Medium1.1%
Major or Notable Earnings Today



AKAM, BA, CAT, CRUS, CLF, CROX, EQIX, NTGR, S, TRN, 

ES (3 minute, Daily) 



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