Monday, April 28, 2008

For Tuesday

Did not trade much higher than the the 1402 area; there is a major resistance at 1407 - if we can find buyers we'll head much higher - the question is what is it going to take. A rate cut from the FOMC may facilitate this.

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 29 April:

Upcoming Reports:
Tuesday
FOMC Meeting Begins

ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
Consumer Confidence 10:00 ET

Wednesday
ADP Employment Report 8:15 ET
GDP (advance)8:30 ET
NAPM-Chicago 9:45 ET
FOMC Announcement 2:15 ET

Thursday
Motor Vehicle Sales
Personal Income and Outlays 8:30 ET
Jobless Claims 8:30 ET
ISM Mfg Index 10:00 ET
Construction Spending 10:00 ET
EIA Natural Gas Report 10:30 ET
Money Supply 4:30 ET

Friday
Employment Situation 8:30 ET
Factory Orders 10:00 ET