Tax day! (Here in the States, anyway).Stocks are slightly higher in spite of a cautious earnings report from Cisco and yesterday’s weak retail sales report.Lots of news to chew on today-CPI, Industrial Production, crude inventories, and the Beige Book at 1 PM.

June S&P:Looks like the correction leg for another stair step advance. It’s been exhibiting a rally, 2 or 3 days flagging down, then another rally. Momentum is bullish. 848 to 850 is resistance, 831 is support.
June Treasury Bonds: Momentum sell short day, 12808 is resistance.
June Japanese Yen:Reversing yesterday’s breakout rally; momentum sell short day.10033 is first support.
June British Pound:Breaking over the last high at 14962. Momentum is on a sell short signal.
June Canadian Dollar:Holding 8210 to 8200 is key for the bulls.
June Gold:Breakout day, not tipping its hand yet.There’s trend line resistance at 897.00, support at 887.
May Silver:Also a breakout day, but already breaking out up.1295.5 is Fibonacci resistance.
May Cocoa:Cover breakout sales, I’ll look to sell a rally back to 2500 to 2510.
May Sugar:Yesterday’s doji could equal a directional move today. Momentum is bullish.
May Coffee:Doji yesterday. 116.65 is Fibonacci resistance.
May Cotton:Momentum buy day today to get back yesterday’s breakout sale.
May Crude Oil:Breakout setup. Will this be another rally after a bearish inventory report?There’s trend line resistance at 5136.
May Wheat:2 doji days, breakout mode.
May Corn:Momentum sell short day, 391 is support.

This is the mornign update to my Swing Trader’s Insight futures newsletter. For more information and to sign up for a free trial, go here. Swing Traders Insight Futures Watch List for April 15

Copyright 2009
This feed is for personal, non-commercial use only.
The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint:

Futuresinsightblogcom?d=yIl2AUoC8zA Futuresinsightblogcom?d=dnMXMwOfBR0 Futuresinsightblogcom?i=i8Hz7P2BzKY:62XP_pPAnzU:V_sGLiPBpWU Futuresinsightblogcom?i=i8Hz7P2BzKY:62XP_pPAnzU:gIN9vFwOqvQ Futuresinsightblogcom?d=TzevzKxY174