ES Emini Day Trading: Pivot-Fed Anouncements-Commentary

By , 29 November, 2009, No Comment
ESZ9
For 11/30/2009

How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1102.83 1116.17 1084.92 1071.58 1053.67

Fed and Fed Agency Announcements

Chicago PMI
[Report][Bullet
9:45 AM ET
Farm Prices
[Bullet
3:00 PM ET

Chicago PMI

Released on 11/30/2009 9:45:00 AM For November, 2009
Prior Consensus Consensus Range
Business Barometer Index – Level 54.2 53.0 50.8  to 55.5

Market Consensus Before Announcement
The Chicago PMI jumped more than 8 points in October to 54.2. For the month, production surged nearly 17 points. We may see further improvement in November as the new orders index jumped more than 15 points.
Definition
The Institute of Supply Management – Chicago compiles a survey and a composite diffusion index of business conditions in the Chicago area. The survey is conducted by Kingsbury International, LTD. Manufacturing and non-manufacturing firms are both surveyed. Hence, it is not directly comparable to pure manufacturing surveys. Readings above 50 percent indicate an expanding business sector.
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