For Tuesday

Emini S&P
The 1382 Support area held as we rallied on higher volume today. Now upward momentum must break the low volume area of 1404. Volume was developing higher throughout the day. If the IB period shows signs of weakness (Low Volume) as the market goes lower, buyers will come in and take the market higher. If volume gets weak at 1404 were not going to push higher. Unless good fundamental news comes we'll head down to 1395 area.

Bonds
Volume was developing higher on the day breaking in the afternoon, we are siting at a significant support area and we'll need to see selling or the bonds will return to the mid 117's

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
13 May:



Upcoming Reports
Tuesday
ICSC-UBS Store Sales 7:45ET
Import and Export Prices 8:30ET
Retail Sales 8:30ET
Redbook 8:55ET
Business Inventories 10:00ET
4-Week Bill Auction 1:00ET

Wednesday
MBA Purchase Applications 7:00ET
Consumer Price Index 8:30ET
EIA Petroleum Status Report 10:30ET
Empire State Mfg Survey 8:30ET

Thursday
Jobless Claims 8:30ET
Treasury International Capital 9:00ET
Industrial Production 9:15ET
Philadelphia Fed Survey 10:00ET
EIA Natural Gas Report 10:30ET
Housing Market Index 1:00ET
Money Supply 4:30ET

Friday
Housing Starts 8:30ET
Consumer Sentiment (p) 10:00ET

For Monday

We continue to see trading value lower prices in recent activity - Bias is on the short side.
Sell the rallies at resistance -

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
12 May:


Upcoming Reports
Monday
Treasury Budget 2:00ET

Tuesday
ICSC-UBS Store Sales 7:45ET
Import and Export Prices 8:30ET
Retail Sales 8:30ET
Redbook 8:55ET
Business Inventories 10:00ET
4-Week Bill Auction 1:00ET

Wednesday
MBA Purchase Applications 7:00ET
Consumer Price Index 8:30ET
EIA Petroleum Status Report 10:30ET
Empire State Mfg Survey 8:30ET

Thursday
Jobless Claims 8:30ET
Treasury International Capital 9:00ET
Industrial Production 9:15ET
Philadelphia Fed Survey 10:00ET
EIA Natural Gas Report 10:30ET
Housing Market Index 1:00ET
Money Supply 4:30ET

Friday
Housing Starts 8:30ET
Consumer Sentiment (p) 10:00ET

For Friday

Prices are in an even distribution around the 1396 area. Bias to the short side. The big indication will be where volume collects before the opening and then the Initial balance.

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
9 May:



Upcoming Reports
Friday
International Trade 8:30 ET
RBC CASH Index 9:00 ET

Final Exams Tonight

Forgive me - a bit busy- numbers will be back for Friday

For Wednesday

Very big up trend day - Volume collected at higher and higher prices all day.
Be wary however - Home Sales and Consumer Credit due out tomorrow.
May be a drag on the positive earnings reports lately.

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
6 May:



Upcoming Reports
Wednesday
MBA Purchase Applications 7:00 ET
Productivity and Costs 8:30 ET
Pending Home Sales Index 10:00 ET
EIA Petroleum Status Report 10:30 ET
10-Year Note Auction 1:00ET
Consumer Credit 3:00 ET

Thursday
BOE Announcement 7:00 ET
ECB Announcement 7:45 ET
Jobless Claims 8:30 ET
Wholesale Trade 10:00 ET
EIA Natural Gas Report 10:30 ET
3-Month Bill Announcement 11:00ET
6-Month Bill Announcement 11:00ET
30-Year Bond Auction 1:00ET
Money Supply 4:30 ET

Friday
International Trade 8:30 ET
RBC CASH Index 9:00 ET

For Tuesday

Monday sellers came in keeping the ES from reaching 1420. Volume is developing lower - what volume there is - very low trading volume off Fridays exhaustion. 1400 continues to hold. Bias to the downside but if volume accellerates higher - be a buyer on the low volume retracements.

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
6 May:



Upcoming Reports
Tuesday
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
4-Week Bill Auction 1:00ET
Treasury STRIPS 3:00 ET

Wednesday
MBA Purchase Applications 7:00 ET
Productivity and Costs 8:30 ET
Pending Home Sales Index 10:00 ET
EIA Petroleum Status Report 10:30 ET
10-Year Note Auction 1:00ET
Consumer Credit 3:00 ET

Thursday
BOE Announcement 7:00 ET
ECB Announcement 7:45 ET
Jobless Claims 8:30 ET
Wholesale Trade 10:00 ET
EIA Natural Gas Report 10:30 ET
3-Month Bill Announcement 11:00ET
6-Month Bill Announcement 11:00ET
30-Year Bond Auction 1:00ET
Money Supply 4:30 ET

Friday
International Trade 8:30 ET
RBC CASH Index 9:00 ET

For Monday

We keep making higher highs - the next one has to move boyond the 1420 area.

The volume tells me that buyers keep winning out. The 1400 area should be traded as support - if sellers start accelerating don't take the buy - but if the volume is weak take the trade.

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for
5 May:



Upcoming Reports
Monday
ISM Non-Mfg Survey 10:00 ET
4-Week Bill Announcement 11:00ET
3-Month Bill Auction 1:00ET
6-Month Bill Auction 1:00ET

Tuesday
ICSC-UBS Store Sales 7:45 ET
Redbook 8:55 ET
4-Week Bill Auction 1:00ET
Treasury STRIPS 3:00 ET

Wednesday
MBA Purchase Applications 7:00 ET
Productivity and Costs 8:30 ET
Pending Home Sales Index 10:00 ET
EIA Petroleum Status Report 10:30 ET
10-Year Note Auction 1:00ET
Consumer Credit 3:00 ET

Thursday
BOE Announcement 7:00 ET
ECB Announcement 7:45 ET
Jobless Claims 8:30 ET
Wholesale Trade 10:00 ET
EIA Natural Gas Report 10:30 ET
3-Month Bill Announcement 11:00ET
6-Month Bill Announcement 11:00ET
30-Year Bond Auction 1:00ET
Money Supply 4:30 ET

Friday
International Trade 8:30 ET
RBC CASH Index 9:00 ET

For Friday

Unemployment Friday

Comment by Charles (geard towards Bonds)
The market may have experienced a reversal today. The market did trade higher off the early news and got close to 118-04, a number that ahs controlled the Bond for a long time. 117-30 capped the rally and then the market began to trade sideways in anticipation of tomorrow’s NFP number. The ES got stronger and stronger and stronger and did breakout to a new high on its rally from 1309.50. The ES closed strong. So something will give on tomorrow’s news. Know the news and you have the trade.

From the TradeMaven Software, Volume Weighted Pivot, Support and Resistance for 2May:



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