Dow closed in the bearish zone after breaking 13520 and 13487 resistance. Fair value for Dow is -27.45 which means Dow will open 27.45 higher plus the Dow futures. Fair value changed the game for bear. So even if Dow future is up 11 point, Dow will open 38.45 point which will move Dow above 13487 resistance.
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| Dow jones likely to test 13487 and if it fails to break, it will test 13,433 resistance. Dow expected to open flat or higher inspite of closing in bearish zone because of the fair value which is -27 which translate as positive 27 for dow. |
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:45 | EUR | French INSEE Consumer Confidence | low | 86 | 87 | |||||
| 6:00 | GBP | CBI Distributive Trades | med | 5 | -3 | |||||
| 8:00 | EUR | German HICP (Prelim.) | high | 0.4 | ||||||
| 8:00 | EUR | German HICP (Prelim.) | high | 2.1 | 2.2 | |||||
| 8:00 | EUR | German CPI (Prelim.) | low | 2 | 2.1 | |||||
| 8:00 | EUR | German CPI (Prelim.) | low | 0.4 | ||||||
| 10:00 | USD | New Home Sales | med | 380 | 372 | |||||
| 11:30 | CAD | Canada's Chief Trade Negotiator for Canada/ EU Speaks | low | |||||||
| 13:15 | USD | Fed's Evans speaks on "Perspectives on Current Economic Issues" to Lake Shore Chamber of Commerce | low | |||||||
| 21:00 | NZD | NBNZ Business Confidence | med | 19.5 | ||||||
All earnings releases
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| LANDEC CORP LNDC | After Market Close | N/A | 0.08 | N/A |
| PROGRESS SOFTWA PRGS | After Market Close | N/A | 0.22 | N/A |
| STUDENT TRANSPT STB | Before Open | N/A | 0.06 | N/A |
| TEXAS INDS TXI | After Market Close | N/A | -0.02 | N/A |
