Stocks are higher, buoyed by earnings reports from American Express and Ford.Durable goods orders fell by 0.8%; this was better than expected.Existing home sales are out at 9 AM.Banks are supposed to get the results of the stress tests today; the [public has to wait until May 4th.

June S&P:Trade or Fade labeled today a Trade day. Yesterday had the narrowest range of the previous four sessions.Wednesday’s high of 858.75 is resistance, support is 843.
June NASDAQ:Breakout day; watch the double top around 1361.
June Treasury Bonds:Narrow range breakout setup.Watch yesterday’s low of 12412.5.
June Japanese Yen:Broke out over 10250 resistance (read my blog post here.).10384 is the next target.
June Euro Currency:Third day higher, momentum sell short signal.Resistance is 13248.
June British Pound:Momentum sell short day; broke to support at 14570 overnight and recovered.14732 is resistance.
June Gold:917.50 is the next upside target.
July Silver:Testing resistance at the April high of 1293. 1300 then trendline resistance at 1307 are next.
July Copper:Momentum buy day, cleared broken support at 20085.
July Cocoa:Momentum sell short day. Watch support at the top of the channel at 2440.
July Sugar:Upside breakout over the April high of 1385.
July Coffee:Breakout setup, watch resistance at 119.
June Crude Oil:Trading at Fib resistance of 5130. Momentum sell short signal.
July Soybeans:Is the rally coming to an end?MACD looks ready for a bearish crossover, and they’re falling away from the January high of 1076.
July Wheat:545 is resistance, 532 is support.
July Corn:Momentum sell short day; 385 is next support.

This is the morning update to my Swing Trader’s Insight advisory service. For information on STI, and to sign up for a free two week trial, visit here. Swing Traders Insight Futures Watch List for April 24

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=p-6elzl5Pkw:Cw6rap1cjPo:V_sGLiPBpWU Futuresinsightblogcom?i=p-6elzl5Pkw:Cw6rap1cjPo:gIN9vFwOqvQ Futuresinsightblogcom?d=TzevzKxY174