Tuesday, March 22, 2011

03.22.11 Market Wrap

Economic Data
ICSC-Goldman Store Sales
Store Sales - W/W change
Prior 0.1 %
Actual -0.1 %
Store Sales - Y/Y
3.1 %
3.0 %

Redbook Same Store Sales
Store Sales Y/Y change
Prior 2.0 %
Actual 2.4 %


Market Activity
Energies +0.62%
NG +2.11% CL +1.65%     HO +0.60% Ethanol +0.04% RB +0.01%
CHINESE OIL DEMAND
Read Platts Story on Chinese demand
NG sees short-covering as the market trades through 50d & 100d moving averages See charts
NGJ11

Softs +0.13%
CT +3.52% CC +2.32% OJ +0.09% SB -1.16% KC -1.28% LB -3.09%
Rainy weather in Australian growing areas may be damaging cotton crop
Read Bloomberg Story
Rising violence in the Ivory Coast worries cocoa traders
Currencies +0.12%
AD +0.51% BP +0.36% SF +0.17% JY +0.17% USD +0.03%    MP -0.09% EC -0.13% CD -0.13%

Metals +0.12%
SI +0.80% HG +0.56% GC -0.10%  PL -0.21% PA-0.42%

Financials -0.08%
ED -0.01% TU -0.03% US -0.05% FV -0.11% TY -0.14%

Grains -0.36%
RR  -0.04% W -0.07% S -0.07% SM -0.14% BO -0.27% C -0.29% O -2.00%

Indices -0.40%
NQ -0.11% DOW -0.13%   ES -0.35% VIX -0.46% Midcap -0.65% Russell 2K -0.68%


SPX
VIX


THE 50d MA providing overhead resistance in the SPX, while the same MA is supporting the VIX index

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The contents of any third-party letters/reports above do not necessarily reflect the opinions or viewpoint of G. Scott Hinton. They are provided for informational/educational purposes only.All sites refered to or displayed on this blog are available to anyone free of charge. The content of any message or post by G. Scott Hinton anywhere on this site is not to be construed as constituting market or investment advice. Such is intended for educational purposes only. Individuals should always consult with their own advisors for specific investment advice. This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The risk of trading futures and options can be substantial.