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 4th.  Enjoy the weekend. Northeast is supposed to shoot into the high 80ís.

          

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 Ĺ%. Repeat: use stops.  Donít think about using stops. Use stops.   

 

 

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Charles Kespert 

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