For Tuesday,
The equity indexes rose a bit Monday but still closed on a break with volume skewed towards lower prices - again still on the short side of the market.
Construction Spending and the ISM Manufacturing will not support the market - so don't be an April Fool - if you take a buy cover profits quickly; a short may be held for a longer.
From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance Numbers for 1 April:
Upcoming Reports:
Tuesday
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
Wednesday
MBA Purchase Applications 7:00 ET
Challenger Job-Cut Report 7:30 ET
ADP Employment Report 8:15 ET
Thursday
Jobless Claims 8:30 ET
EIA Natural Gas Report 10:30 ET
Friday
Employment Situation 8:30 ET
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A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
