WEEKLY MARKET DIGEST: HOPE IS NEVER A GOOD INVESTMENT STRATEGY
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) DURABLE GOODS ORDERS PLUNGE August 24, 2012 Durable Goods Orders ex-transports came at -0.4% compared to consensus of +0.6%. Gold futures are at $1666, silver futures are at $30.39, and oil futures are $95.85. S&P 500 resistance levels are 1400, 1410, and 1415; support levels are 1380, 1368, and 1358. DJIA futures are down 22 points. GOLD SPIKES AGAIN ON CHINA PMI August 23, 2012 China flash HSBC PMI fell to 47.8 in August from a final 49.3 in July.