Durable Goods Prices Came in Expected/New Home Sales at 10 am

Top Day Rec

04.24.09

Durable goods come in as about as expected but previous month revisions were soft. Ford is higher by 24% on Beat the Street numbers. New home sales at 10. Banks will begin to learn about their stress tests today. Supposedly, there will be a public release of this information on May 4^th.  Enjoy the weekend. Northeast is supposed to shoot into the high 80’s.

          

Apr 20

10:00

Leading Indicators

Mar

NA

-0.2%

-0.4%

Apr 22

10:35

Crude Inventories

04/17

NA

NA

+5670K

Apr 23

08:30

Initial Claims

04/18

NA

630K

610K

Apr 23

10:00

Existing Home Sales

Mar

NA

4.65M

4.72M

Apr 24

08:30

Durable Orders

Mar

NA

-1.5%

5.1%

Apr 24

08:30

Durable Orders, Ex-Auto

Mar

NA

-1.2%

3.9%

Apr 24

10:00

New Home Sales

Mar

NA

340K

337K

Current views, speculations and suggestions

 

June Yen: pos with support at 102.07  

June Swiss: potential reversal day    

June EC: positive with support at 130.24   

June Canadian: positive with support at 8086

June BP:  neg with res at 147.85.     

June ES: positive with support at 837.50

June NQ: positive with support at 1325  

June Russell: positive with support at 458    

June Mini Dow: pos with support at 7785

Jun Gold: pos with support at 894

May Silver: pos with support at 12.41

June crude: positive with support at 48.80       

July Soybeans: pos with support at 10.20  

July Wheat: positive with support at 5.29   

 June Ten Year: positive with support at 121.08      

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International Markets

June Bund: neg with res at 122.71        

June Dax: pos with support at 4510

NK: pos with support at 8700

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N.B.: if you initiate a trade using any of these numbers use a stop at least equivalent to 2 ½%. Repeat: use stops.  Don’t think about using stops. Use stops.   

 

 

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Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment. Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.

 

Charles Kespert 

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