Holding Firm So Far

However, this remains a challenging week.

14
Tue, Apr 2, 2019 - 11:13am

The expected move down overnight has so far been blunted as prices have bounced back above their important support levels....at least for today.

When we left you last evening, I was expecting a drop overnight. The fear was then that this would be exacerbated by any kind of uptick in the Durable Goods number. And all of this is what happened as CDG fell to $1289 and CDS hit $14.91. https://www.zerohedge.com/news/2019-04-02/durable-goods-orders-slump-feb... ...

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Key Economic Events Week of 4/22

4/22 10:00 ET Existing Home Sales
4/23 10:00 ET New Home Sales
4/25 8:30 ET Durable Goods
4/26 8:30 ET Q1 GDP first guess

Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
4/18 8:30 ET Philly Fed
4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS

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