Not seeing the next buck or two but a $10 pullback is in the cards now. Scratch my comment from last night.
CL Redux
- Thread starter schizo
- Start date
Trade well today ............. Think with this in mind..........
http://www.youtube.com/watch?v=4NwP3wes4M8
Trade as good as this.......... http://www.youtube.com/watch?v=SaV-6qerkqI&feature=related
http://www.youtube.com/watch?v=4NwP3wes4M8
Trade as good as this.......... http://www.youtube.com/watch?v=SaV-6qerkqI&feature=related
Good Morning
April 19, 2011, 8:30 a.m. EDT
U.S. housing starts rise to 549,000 rate in March
WASHINGTON (MarketWatch) - The start of construction on new U.S. homes rose 7.2% in March to an annual rate of 549,000, while permits rose 11.2%, the government reported Tuesday. Housing starts in February were revised up to 512,000 from an original reading of 479,000, according to Commerce Department data. Economists surveyed by MarketWatch had expected housing starts in March to climb to an annual rate of 520,000 on a seasonally adjusted basis. Permits for new construction, viewed as a gauge of future demand, increased to an annual rate of 594,000 from February's upwardly revised level of 534,000. Permits for single-family homes, which account for three-quarters of the housing market, rose 5.7% to an annual rate of 405,000 last month.
April 19, 2011, 8:30 a.m. EDT
U.S. housing starts rise to 549,000 rate in March
WASHINGTON (MarketWatch) - The start of construction on new U.S. homes rose 7.2% in March to an annual rate of 549,000, while permits rose 11.2%, the government reported Tuesday. Housing starts in February were revised up to 512,000 from an original reading of 479,000, according to Commerce Department data. Economists surveyed by MarketWatch had expected housing starts in March to climb to an annual rate of 520,000 on a seasonally adjusted basis. Permits for new construction, viewed as a gauge of future demand, increased to an annual rate of 594,000 from February's upwardly revised level of 534,000. Permits for single-family homes, which account for three-quarters of the housing market, rose 5.7% to an annual rate of 405,000 last month.
But a great voice. April 19, 2011, 9:25 a.m. EDT
Geithner disagrees with S&P on debt outlook
WASHINGTON (MarketWatch) - Treasury Secretary Timothy Geithner said he did not agree with Standard & Poor's decision to change its outlook on U.S. Treasury securities to "negative" from "stable." S&P cited political gridlock on deficit reduction as a key reason for the debt warning. Geithner said it is clear the prospects of a budget deal have improved if you "listen carefully." "I think things are better than they have been if you want to think about the prospects for improving our long-term fiscal position," Geithner said. He spoke in three separate interviews with CNBC, Bloomberg Television and the Fox Business Network. Geithner said there was no need to reassure foreign buyers of U.S. debt. "If you look at the price at which we borrow, there is a lot of confidence and that confidence is justified that America is getting stronger and that we are going to make sure we take on these challenges and start to address them," Geithner said.
Geithner disagrees with S&P on debt outlook
WASHINGTON (MarketWatch) - Treasury Secretary Timothy Geithner said he did not agree with Standard & Poor's decision to change its outlook on U.S. Treasury securities to "negative" from "stable." S&P cited political gridlock on deficit reduction as a key reason for the debt warning. Geithner said it is clear the prospects of a budget deal have improved if you "listen carefully." "I think things are better than they have been if you want to think about the prospects for improving our long-term fiscal position," Geithner said. He spoke in three separate interviews with CNBC, Bloomberg Television and the Fox Business Network. Geithner said there was no need to reassure foreign buyers of U.S. debt. "If you look at the price at which we borrow, there is a lot of confidence and that confidence is justified that America is getting stronger and that we are going to make sure we take on these challenges and start to address them," Geithner said.
KEY EVENTS TO WATCH FOR:
Tuesday, April 19, 2011
7:45 AM ET. Apr 16 ICSC-Goldman Sachs Chain Store Sales Index
Chain Store Sales Index - WoW (previous +0.1%)
Chain Store Sales Index - YoY (previous +2.9%)
8:30 AM ET. Mar New Residential Construction - Housing Starts and Building Permits
Total Starts (expected 525K; previous 479K)
Starts Percent Change (expected +9.6%; previous -22.5%)
Building Permits (expected 545K; previous 534K)
Building Permits Percent Change (expected +2.1%; previous -5.2%)
8:55 AM ET. Apr 16 Johnson Redbook Retail Sales Index
MoM % Change (previous +0.9%)
12MonChgPct (previous +4.7%)
52WkChgPct (previous +4.7%)
4:30 AM ET. Apr 15 API Weekly Statistical Bulletin
Crude Stocks (Net Change) (previous +1.19M)
Gasoline Stocks (Net Change) (previous -4.6M)
Distillate Stocks (Net Change) (previous -3.69M)
Refinery Runs (previous 78.9)
Tuesday, April 19, 2011
7:45 AM ET. Apr 16 ICSC-Goldman Sachs Chain Store Sales Index
Chain Store Sales Index - WoW (previous +0.1%)
Chain Store Sales Index - YoY (previous +2.9%)
8:30 AM ET. Mar New Residential Construction - Housing Starts and Building Permits
Total Starts (expected 525K; previous 479K)
Starts Percent Change (expected +9.6%; previous -22.5%)
Building Permits (expected 545K; previous 534K)
Building Permits Percent Change (expected +2.1%; previous -5.2%)
8:55 AM ET. Apr 16 Johnson Redbook Retail Sales Index
MoM % Change (previous +0.9%)
12MonChgPct (previous +4.7%)
52WkChgPct (previous +4.7%)
4:30 AM ET. Apr 15 API Weekly Statistical Bulletin
Crude Stocks (Net Change) (previous +1.19M)
Gasoline Stocks (Net Change) (previous -4.6M)
Distillate Stocks (Net Change) (previous -3.69M)
Refinery Runs (previous 78.9)
Anybody know what time the MasterCard weekly report on gasoline demand is released and where the figures can be found. All I know is that it's released on Tuesdays. Only information I could find was here:
http://www.mastercardadvisors.com/us/advisors/en/news_center/newsroom_detail.html?newsId=128
http://www.mastercardadvisors.com/us/advisors/en/news_center/newsroom_detail.html?newsId=128