Wednesday, July 4, 2012

Air pocket ahead. Very OB


Can we go 3 for 3 on peaks?
Yes we can. I'm as OB as 6-19-12 where we dropped 54 spx points in days.
3-19-12 where we dropped 28 spx points in days.
Volume total is OB,Volume % is OB, my spread sheet counts are OB.
We have a 144TDL due Thursday that could be an inverted high. My number breaking is spx 1369.17 and S1 is 1366.76.
Alas the target maybe only 1340.

Key Reports and Events:

Tue - Jul 03 - 10:00 - Factory Orders
Tue - Jul 03 - 14:00 - Auto/Truck Sales
Thu - Jul 05 - 07:00 - MBA Mortgage Index
Thu - Jul 05 - 07:30 - Challenger Job Cuts
Thu - Jul 05 - 10:00 – European Central Bank Policy Statement
Thu - Jul 05 - 08:15 - ADP Employment
Thu - Jul 05 - 08:30 - Initial Claims
Thu - Jul 05 - 10:00 - ISM Services
Thu - Jul 05 - 11:00 - Oil Inventories
Fri - Jul 06 - 08:30 - Employment Report

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