Posts tagged ‘support’

Todays Pivot and Fed News

By , 16 September, 2009, No Comment

Looks like a full slate of interesting announcements in the next two days. I am particularly interested in the employment data tomorrow. Industrial Production and PPI on tap today as we see how well we are steering through the later stages of this recession.

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ES Emini:Daily Pivot S1 S2 R1 R2

By , 15 September, 2009, No Comment
ESZ9
For 09/15/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1054.25 1060.50 1043.50 1037.25 1026.50

Fed Announcements and Other Important Information

Retail Sales
[Report][Star]8:30 AM ET
Redbook
[Report][Bullet8:55 AM ET

Ben Bernanke Speaks
10:00 AM ET

Should be a day loaded with all sorts of potential surprises, culminating with Bernanke speaking at 10 a.m.   I would be mindful, early on, of the potential volatility in the market as it digests a wide range of economic data.  Of course, the question on everyone’s mind is a simple one, where are we in this recession?
In the early going, the consumer spending numbers have been pretty positive.

ES Emini for Friday

By , 11 September, 2009, No Comment
ESU9
For 09/11/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1048.00 1054.25 1037.75 1031.50 1021.25

Fed Announcements and other Announcements

Wholesale Trade
[Bullet10:00 AM ET
Treasury Budget
[Report][djStar]2:00 PM ET
Should be an interesting day, a few semi-important announcements that have the potential to effect the market.  Of course, you never know what announcement may send the market spinning away.  It didn’t used to be that way….oh, well…

ES Emini for Thursday

By , 10 September, 2009, No Comment
ESU9
For 09/10/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1039.58 1046.67 1029.17 1022.08 1011.67

Fed and other important announcements

Jobless Claims
[Report][djStar]8:30 AM ET

Dennis Lockhart Speaks
12:30 PM ET
Tim Geithner Speaks
1:00 PM ET

Donald Kohn Speaks
4:15 PM ET

Money Supply
[Bullet4:30 PM ET
All sorts of stuff today that has the potential to move the market a bit, could be an interesting day with some significant movement, depending upon the nature of the announcements.

ES Emini: Pivot and other announcements

By , 9 September, 2009, No Comment
ESU9
For 09/09/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1030.58 1036.17 1021.42 1015.83 1006.67

Fed and other important economic announcements

Charles Evans Speaks
8:00 AM ET

Redbook
[Bullet8:55 AM ET

Richard Fisher Speaks
1:30 PM ET

Beige Book
[Bullet2:00 PM ET
There is not an overabundance of announcements today, but some interesting stuff.  Yesterday’s announcement of the alarming contraction of consumer credit should play into the market today.

ES Emini: Tuesday Sept. 8

By , 8 September, 2009, No Comment

Nothing of overriding consequence is scheduled to be announced today, but that doesn’t mean the potential of interesting trading is excluded, as the market wrestles with just where we are in this recession. Several economists announced last week that the recession was over when we had some good numbers on manufacturing. I am a bit skeptical of these predictions, and would prefer to see some successive numbers of increased manufacturing capacity before I would call the recession quits.

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Daily Pivot and Fed Annoucements for 9-2-09

By , 2 September, 2009, No Comment

I was stunned to see that GM and Chrysler still were unable to increase their sales, even though the cash for clunkers and rebates made for some incredible prices for potential consumers. Toyota won the cash for clunkers derby going away. No surprise there.

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