The ISM Manufacturing Index climbed in April to a level of 54.8 from 53.4 March, beating analysis expectations. In fact expectations were for decline to 53.0 levels. While the Price Paid Index held at 61.0 for the month.
Futures Ahead of the Open S&P fair value: +0.20 NASDAQ fair value: +1.00 Europe volume will be limited with May Day holiday, however, the UK’s FTSE will be open for trading. Currently up 0.39%. UK Manufacturing PMI fell to 50.5 on a downwardly revised 51.9 for the prior month.
Shares of may buy the company.
April 30, 2012 first day of the trading week is starting out in the pre-market very active.
Week of April 30, 2012 Economic Calendar.
Consumer Sentiment for April slightly better than expected
Spain late Thursday.
Daily Bars Prepared by Jamie Saettele, CMT As long as price is below 10546 (early month high), look lower towards the December and/or February lows at 94/96. Reward/risk is highly favorable against the April high. Interim support is 10310 and focus is on the bottom of the range at 10180. Bottom Line (next 5 days) – lower
U.S. home buyer initiated or signed more contract in March vs February according to the National Association of Realtors survey data.
Federal Reserve Plans to Continue Holding Hold Interest Rates Steady ‘Until Late 2014
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