Tuesday, May 1, 2012

ES Daily Plan 050112

Commentary

The western European markets are closed today except for the UK, Ireland and Denmark. The markets in China, Russia, and India were also closed today.


Open Type

Open In Range (as of 5:25AM)

Trade Scenarios

RTH PP: 93.5
Globex PP: 95.5

- Longs: ONL (91.5)-87 with upside targets: 96, 1400, 1403+

- Shorts: 1400-03 with downside targets 96, 93 & 90-87

Econ Calendar


Global
Tue
May 1
01:30
LIVE
Currency: gbpGBP Purchasing Manager Index Manufacturing (APR)Medium51.552.1
07:00
LIVE
Currency: usdUSD ISM Manufacturing (APR)High5353.4
07:00Currency: usdUSD Construction Spending (MoM) (MAR)Medium0.4%-1.1%
07:00Currency: usdUSD ISM Prices Paid (APR)Medium5961
18:30Currency: jpyJPY Labor Cash Earnings (YoY) (MAR)Medium0.7%
19:30Currency: cnyCNY HSBC Manufacturing PMI (APR)Medium48.3
ES (3 minute, Daily) 



Market Leaders (Daily, 30 minute)

AAPL



IBM


MA


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