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Post: Tuesday - Have a merry Christmas. | Daily Delphi

BlogsPit Talk › Tuesday - Have a merry Christmas. December 24, 2013, 6:50 am

TODAY'S ACTION
7:30 AM CT
Durable Orders
Forecast 2.6% Prior -1.6%
Durable Goods -ex transportation
Forecast 0.5% Prior 0.4%
8:00 AM CT
FHFA Housing Price Index
0.3% Prior
9:00 AM CT
New Home Sales
Forecast 430K Prior 444K

Overnight Asian stocks were mixed and European stocks advanced ahead of today's shortened trade. Today the Commerce Department will be releasing the Durable Orders and New Home Sales reports. Although this will be an abbreviated Christmas Eve session (equities close at 12:00 PM CT) both of these reports have potential to move the markets. Today we expect more of the same thin volume trade as traders get ready for the holidays. Trade wisely.

MONDAY RECAP
It's been a jolly holiday for equities. Even though yesterday was a quiet day with thin volumes the major indexes managed to post another win. The Dow moved up 0.5% to close at 16294.61 marking its 48th record close of the year. The blue-chip index is up 24% for the year. The S&P also posted a 0.5% gain to settle at 1822.80.


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