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  • Squawk / 5 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Boom! US durable goods orders rose 2.6% m/m in March vs. 2% expected and 2.1% prior. Core orders (ex transportation) climbed 2% vs. 0.6% and 0.1% prior.
    Even more importantly for GDP capital goods shipments climbed 1% as expected while February was revised to 0.7% from 0.5%. And key to further (GDP) investment capital goods orders ex. defense and aircrafts jumped 2.2% vs. 1.5% expected while February was revised to -1.1% from -1.3%. Solid, solid report...
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    5h
    Ken Veksler Ken Veksler
    Surely a 2 way street, bad weather can only ever improve, right?
    5h
    fxtime fxtime
    LOL
    5h
    Mads Koefoed Mads Koefoed
    At least the spring holidays are getting blamed for the weak jobless claims print, so we do have some sort of normalcy around here...
  • Squawk / 6 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    GM reports Q1 EPS of $0.29 vs. $0.04 expected.

    Bloomberg:
    *GM 1Q REV. $37.4B, EST. $37.9B
    *GM SAYS N. AMERICA, INTERNATIONAL OPS PERFORMING AS PLANNED
    *GM SAYS EUROPE, CHINA PERFORMING BETTER THAN PLAN
    *GM SAYS S. AMERICA WEAKER PERFORMANCE DUE TO VENEZUELA, BRAZIL
    *OPEL CEO OPTIMISTIC GM EUROPE RESULTS TO IMPROVE THROUGH 2014
    *OPEL CEO SAYS 2014 WILL BE `CRUCIAL MILESTONE' TO BREAKING EVEN
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  • Squawk / 6 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    UPS reports Q1 EPS of $0.98 vs. $1.08 expected; sees full-year EPS at low end of guidance range.

    Bloomberg:
    *UPS SEES YEAR EPS AT LOW END OF $5.05-$5.30, EST. $5.19
    *UPS: 1Q U.S. DOMESTIC REVENUE INCREASED 2.6% TO $8.5 BILLION
    *UPS SAYS WEATHER WEIGHED ON OPERATING PROFIT BY ABOUT $200M
    *UPS: 1Q INTERNATIONAL SEGMENT REVENUE IMPROVED 5.0% :UPS US
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  • Squawk / 6 hours ago
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Caterpillar reports Q1 EPS of $1.61 vs. $1.23 expected, an upward surprise of 30.9%, and boosts full-year guidance to $6.10 from $5.86. Revenue $13.61 billion vs. $13.11 expected.

    Bloomberg:
    *CAT DOESN'T SEE RUSSIA SITUATION MATERIALLY IMPACT YR VIEW
    *CAT SAYS RUSSIA ECONOMY WAS ALREADY PERFORMING POORLY
    *CAT EXPECTS CONTINUED DECREASES IN MINING CAPEX FOR EQUIPMENT
    *CAT SEES LOWER DEALER DELIVERIES ABOUT OFFSET BY INVENTORY
    *CAT SEES RESOURCE INDUSTRIES' SALES TO BE DOWN ABOUT 20%
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  • Squawk / 7 hours ago
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Technical Analyst / FuturesTechs
    United Kingdom
    1873.75 and 1865 are the key supports today in the S&P 500 Futures (June '14). We have now posted 7 green candles in a row. You may have seen me talk about the "Rule of Nine" before, a rule that says you don't get more than nine green candles in a row, and a rule that's generally very reliable!

    Obviously the key support is 1892.50, the recent high, with 1932 the target above here, being channel resistance.
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    6h
    fxtime fxtime
    Yep...it seems wrong I know but it is true!! Actually the above is useful for building OTM strategies too....such as 84% of all monthly OTM call...
    5h
    kirand kirand
    so its going to break the rule of nine candle is a row --
    5h
    fxtime fxtime
    Clive have you tried applying your rule to the 4hr charts?? Strip out globex for SPX or simply look at the ftse !
  • Squawk / 10 hours ago
    MarketChartist MarketChartist
    Founder, Owner, Director / Market Chartist
    United Kingdom
    SP500 E-mini ($ES_F) Aims to and Through the 1892.5 Peak

    S&P 500 rebound effort favors a more bullish shift
    • A high level digestion Wednesday to reinforce the switch to a range theme with the previous push above 1867.5 that neutralized the April topping structure.
    • We still see a positive bias to a boarder non-trend theme, simply defined by the April continuation chart peak and trough at 1892.5 and 1803.25.
    • We still see the bias higher for a test to 1887.5 and maybe the 1892.5 peak this week for a more bullish shift.
    WHAT CHANGES THIS?
    • Upside: Above 1892.5 aims for 1900.0 and Fibo targets at 1912.5 and 1926.0.
    • Downside: Below 1803.25 aims for the 10 month trend line at 1795.0.

    Please see full report with levels and latest audio-visual analysis here: http://members.marketchartist.com/Daily/sp500.pdf

    Daily SP500 E-mini Future (Adjusted Continuation chart)
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