The Market Club Updates
Key Events and Commentary available earlier every morning, via The Market Club
KEY EVENTS TO WATCH FOR:
Thursday, April 16, 2009
0830/1230 Apr 11
Jobless Claims
Weekly Jobless Claims 663K 654K
Weekly Jobless Claims Net Change +9K -20K
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Continuing Jobless Claims 5840000
Continuing Jobless Claims NetChange +95K
0830/1230 Mar Housing Starts
Total Starts 540000 583000
Starts Percent Change -7.4% +22.2%
Building Permits 550000 564000
Building Permits Percent Change -2.5% +3%
1000/1400 Apr Philadelphia Fed Manufacturing Index
Business Activity -32.8 -35
Prices Paid -31.3
Employment -52
New Orders -40.7
Prices Received -32.6
Delivery Times -30.8
Inventories -55.6
Shipments -26.5
1000/1400 Apr 4 DJ-BTMU Business Barometer -0.4%
1030/1430 Apr 10 EIA Natural Gas Inventories, in billion cubic feet
Total Working Gas in Storage 1694 1674
Total Working Gas in Storage
(Net Change) +20 +20
1630/2030 Apr 1 Fed Discount Window Borrowings, in dollars
Primary Credit Borrowings 48.34B
Primary Credit Borrowings W/E
Daily Avg 49.16B
Primary Dealer Borrowings 13.4B
Trade Triangle
Primary Dealer Borrowings W/E
Daily Avg 17.6B
Discount Window Borrowings 115.23B
Discount Window Borrowings W/E
Daily Avg 122.03B
1630/2030 Apr 15
Foreign Central Bank Holdings, in dollars
Foreign US Debt Holdings 2.62T
US Foreign Agency Holdings 808.6B
Foreign Treasury Holdings 1.81T
1630/2030 Apr 6 Money Supply
Key Events and Commentary available earlier every morning, via The Market Club
THE STOCK INDEXES
The June NASDAQ 100 was lower due to profit taking overnight as it consolidates some of Wednesday’s rally. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1274.25 are needed to confirm that a short-term top has been posted. If June extends the rally off March’s low, the reaction high crossing at 1386.25 is the next upside target.
First resistance is last Thursday’s high crossing at 1341.25. Second resistance is the reaction high crossing at 1386.25.
First support is Wednesday’s low crossing at 1293.50. Second support is the 20-day moving average crossing at 1274.25.
The June NASDAQ 100 was down 3.25 pts. at 1313.75 as of 5:57 AM CST. Overnight action sets the stage for a lower opening by June NASDAQ 100 when the day session begins later this morning.
The June S&P 500 index was steady to slightly lower due to profit taking overnight as it consolidates some of its recent gains. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 819.51 are needed to confirm that a short-term top has been posted. If June extends the rally off March’s low, February’s high crossing at 867.50 is the next upside target.
First resistance is Monday’s high crossing at 861.30.Second resistance is February’s high crossing at 867.50.
First support is Wednesday’s low crossing at 831.70. Second support is the 20-day moving average crossing at 819.51.
The June S&P 500 Index was down 1.10 pts. at 847.40 as of 6:00 AM CST. Overnight action sets the stage for a steady to lower opening by the June S&P 500 index when the day session begins later this morning.
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Key Events and Commentary available earlier every morning, via The Market Club
The contents of this report are for information purposes only.
Posted in The Market Club Tagged: currency market updates, first resistance, First support, forex trading, June NASDAQ 100, June S&P 500, Key Events and Commentary, second resistance, second support, Stochastics, Stochastics and the RSI, THE STOCK INDEXES, The Market Club, the RSI forex currency trading, trading forex 
