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) 






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