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



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ES (3 minute, Daily, 30 minute) 






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