{"id":20045,"date":"2024-08-27T12:16:45","date_gmt":"2024-08-27T20:16:45","guid":{"rendered":"https:\/\/old.cannontrading.com\/tools\/support-resistance-levels\/?p=20045"},"modified":"2024-08-27T20:00:16","modified_gmt":"2024-08-28T04:00:16","slug":"key-market-insights-retail-sales-home-prices-and-consumer-confidence","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/key-market-insights-retail-sales-home-prices-and-consumer-confidence\/","title":{"rendered":"Key Market Insights: Retail Sales, Home Prices, and Consumer Confidence"},"content":{"rendered":"
Get Real Time updates and more by joining our Private Facebook Group<\/a>!<\/span><\/div>\n
Subscribe to our\u00a0YouTube Channel<\/a><\/span><\/div>\n
Listen to our Market Recap Podcasts on Apple Podcasts<\/a><\/div>\n
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\"trading<\/p>\n

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Movers and shakers!<\/h3>\n

By John Thorpe, Senior Broker<\/p>\n

Today’s Headlines:<\/p>\n

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Redbook Weekly US Retail Sales Headline Recap<\/p>\n

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**Redbook Weekly US Retail Sales were +4.9% in the first three weeks of August 2024 vs August 2023<\/p>\n

**Redbook Weekly US Retail Sales were +5.0% in the week ending August 24 vs yr ago week<\/p>\n

Updated: August 27, 2024 8:01 am<\/p>\n

Case Schiller 20 US Metro-Area Home Prices Recap<\/p>\n

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**Case Schiller 20 US metro area home prices for June Y\/Y: +6.5% from the year ago month<\/p>\n

**Case Schiller 20 US metro area home prices for June M\/M: +0.6% vs prior month<\/p>\n

Updated: August 27, 2024 9:02 am<\/p>\n

Richmond Fed Manufacturing Index Headline Recap<\/p>\n

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**Richmond Fed August Manufacturing Index: -19.0 ; prior -17.0<\/p>\n

**Richmond Fed August Manufacturing Shipments Index:\u00a0-15.0 ; prior -21.0<\/p>\n

**Richmond Fed August Manufacturing New Orders: -26.0 ; prior -23.0<\/p>\n

**Richmond Fed August Manufacturing Employees: -15.0 ; prior -5.0<\/p>\n

**Richmond Fed August Manufacturing Prices Paid: +2.45 ; prior +3.0<\/p>\n

**Richmond Fed August Manufacturing Prices Received: +1.87 ; prior +1.31<\/p>\n

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**Richmond Fed August Service Sector Index: -11.0 ; prior +5.0<\/p>\n

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Updated: August 27, 2024 9:02 am<\/p>\n

Conference Board Consumer Confidence, Present Situation, Expectations Index Headline Recap<\/p>\n

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**Conference Board August Consumer Confidence Index: 103.3 ; prior revised to 101.9 from 100.3 ; expected 100.5<\/p>\n

**Conference Board August Consumer Present Situation Index: 134.4 ; prior revised 133.1 from 133.6<\/p>\n

**Conference Board August Consumer Expectations Index: 82.5 ; prior revised to 81.1 from 78.2<\/p>\n

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Tomorrows Movers and Shakers<\/p>\n

US Mortgage Bankers Assoc (MBA) will update their weekly US market indices at 6:00 am CT Wednesday morning.<\/p>\n

Crude Oil inventories at 9:30 Am Central<\/p>\n

Quiet Econ Data day<\/p>\n

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Earnings:\u00a0NVIDIA, CRM, Crowdstrike\u00a0after the close<\/p>\n

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Daily Levels for August 28th, 2024<\/h3>\n

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September Mexican Peso<\/strong><\/p>\n

The September Mexican peso corrected after completing the second downside PriceCount objective earlier this month. Now, the chart is threatening to break down again where new sustained lows would project a possible run to the 46.75 area.<\/p>\n<\/div>\n

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at\u00a0www.qtchartoftheday.com<\/a><\/p>\n

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Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/p>\n<\/div>\n

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Economic Reports<\/strong><\/div>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/div>\n
All times are Eastern Time ( New York)<\/div>\n
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Improve Your Trading Skills<\/h2>\n

Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a> at 1-800-454-9572.<\/p>\n

Explore trading methods.\u00a0Register Here<\/a><\/p>\n

\"\"<\/a><\/span><\/div>\n

* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own\u00a0judgement\u00a0in trading.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our\u00a0YouTube Channel Listen to our Market Recap Podcasts on Apple Podcasts     Movers and shakers! By John Thorpe, Senior Broker Today’s Headlines:   Redbook Weekly US Retail Sales Headline Recap   **Redbook Weekly US Retail Sales were +4.9% in the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20045","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=20045"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20045\/revisions"}],"predecessor-version":[{"id":20046,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20045\/revisions\/20046"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}