Greetings!
We started the week with ANOTHER strong TRENDING MONDAY…
Earning reports + economic numbers should allow for more two sided trading enviroment coming days.
See 60 minute chart below we are against a strong resistance zone between 898 and 904 so I will watch market action closely during overnight session/ early morning.
Good trading.
Futures Trading Levels for July 14, 2009
Economic Reports for July 14, 2009
Economic
8:30am June PPI (last m/m 0.2%, y/y -5.0%, ex food energy last m/m -0.1%, y/y 3.0%), June Advance retail sales (last 0.5%, ex autos last 5.0%)
10:00am May Business Inventories (last -1.1%), TAF results
4:30pm API Crude Oil/Gasoline/Distillate Inventories
Events
BoJ Rate Decision. OPEC monthly report. Oppenheimer Consumer, Gaming, Lodging Leisure Conference. ICSC/UBSW Chain Store Sales (7:45, last -5.1%). Redbook Retail Sales (8:55, last -4.2%). ABC Consumer Confidence (last -52). DELL Analyst Day. Trades Ex-dividend: MGRC $0.22, ZEP $0.04.
Earnings
Before the Open: GS, JNJ, MTB. After the Close: AIR, ADTN, ALTR, INTC, YUM.
