economic report released early ?

Mich. Sent. is always released early. Nothing new there. The futures will always move up or down a little right before report is release. I suppose some know ahead of time. Who really knows. Just get flat before the numbers come out and wait untill the market spasms stop and you will be fine.

 

I happened to be listening to the ND squawk box at 0950 and the guy said "all eyes are on the board, numbers coming out sometime between 945 and 1000" This was after the first numbers at 945....

 

I dont think so.....different entities reporting those #'s...

 

Good Morning Every one!

Very quick one this morning:

Two reports this morning, both at 9 AM central -

9:00 AM CDT - ISM Index(May)
9:00 AM CDT - Construction Spending(Apr)

My PERSONAL BIAS has turned slightly bullish for the very short term (I will try to attack from the long side, with STOP LOSSSES below).

Here are some techincal levels to watch, source - ODJ (OsterDowJones):

ODJ Technical Analysis: S&P 500, Nasdaq Futures-Jun 3
CME Jun S&P 500 Futures

1705.50 -lifetime high
1149.90 -previous month's high set on April 1
1116.42 -100-day moving average
1088.03 -second pivot point resistance
1080.90 -previous day's high
1080.76 -18-day moving average
1079.87 -9-day moving average
1077.77 -first pivot point resistance
1070.63 -pivot point
1069.43 -4-day moving average
1067.50 -previous day's close
1063.50 -previous day's low
1063.50 -previous month's low set on April 30
1060.37 -first pivot point support
1053.23 -second pivot point support
950.30 -lifetime low
42.604 -relative strength index (RSI)
------------------------------------------------------------------

CME Jun Nasdaq-100 Futures

1736.50 -lifetime high
1490.00 -previous month's high set on April 1
1418.17 -100-day moving average
1263.83 -second pivot point resistance
1259.75 -18-day moving average
1253.44 -9-day moving average
1249.00 -previous day's high
1236.67 -first pivot point resistance
1231.00 -previous month's low set on April 29
1227.63 -4-day moving average
1221.83 -pivot point
1209.50 -previous day's close
1207.00 -previous day's low
1194.67 -first pivot point support
1179.83 -second pivot point support
1126.00 -lifetime low
40.154 -relative strength index (RSI)

---
By Nicole Wyckoff, OsterDowJones

Good trading everyone!


Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President
Cannon Trading Co Inc.

* Important Please Note: The material contained in this letter is of
opinion only and does not guarantee any profits. These are risky markets
and only risk capital should be used. Past performances are not
necessarily indicative of future results.

 

Comp last seen diving below the 1600 mark in a free-fall with the dow in tow behind it.

Your use of the word "slightly" when describing bullish seems appropriate now?

Even with positive or neutral news the market can't hold together. The bear continues his run.