Thursday, April 30, 2009

Levels to watch

Economic Data

8:30am March Personal Income (last -0.2%), March Personal Spending (last 0.2%), March PCE Deflator y/y (last 1.0%), March PCE Core (last m/m 0.2%, y/y 1.8%), Initial Jobless Claims (last 640K), Continuing Claims (last 6.137M)
9:45am April Chicago Purchasing Manager Index (last 31.4)
10:00am April NAPM-Milwaukee (last 30)
10:30am Natural Gas Inventories
Earnings:
XOM and PG (beat$.84 vs $.80)
Futures:
DX= down -.08 or .09% (8:08EST) Update: DX up .12 or .15% after jobless claims
Oil via /CL = up .61 1.20% (8:08EST)
/ES up 14+ or 1.58% (8:08EST)

Levels to Watch:
60 Min:
Resistance:
875 (more the likely will gap up above this)
882-884
890
900!
Support:
870
859
850

Daily:
Resistance:
875( again more then likely will gap above)
900-905( top of channel)

Support:
845-840( bottom of channel)