WEEKLY MARKET DIGEST: MARKET IS VULNERABLE TO A CORRECTION
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
THE U.S. GDP DISAPPOINTS
April 27, 2112
The U.S. GDP grew by 2.2% vs 2.5% consensus. This is a continuation of the resent spate of weaker than expected economic numbers.
Prices in Spain deepens as unemployment reaches almost 25%.
Our models continue to show a 65% probability of a correction.
Gold futures are at $1659, silver futures are at $31.10, and oil futures are $104.23.
S&P 500 resistance levels are 1410, 1415, and 1424; support levels are 1380, 1368, and 1358.… Please click here or the title below to read more.
April 29, 2012