Daily Delphi

Post: Thursday 9/12 | Daily Delphi

BlogsPit Talk › Thursday 9/12 September 12, 2013, 6:50 am

WEDNESDAY RECAP
Apple took a beating today and that was enough to hold back both the S&P and NASDAQ. Crude traded flat after a much smaller than expected drawdown on the EIA's Crude Inventory. (219K actual vs 1.75M expected) Gold made lower lows on the charts today but settled off only -.2 on low volume.

TODAY'S ACTION
7:30 AM CT
Initial Claims Forecast 329K Prior 330K
Import and Export Prices
1:00 PM CT
Treasury Budget Forecast -146.0B Prior --190.5B
With the road to Damascus closed for now the markets are going to be looking for new information to move on. The Import/Export numbers could spice things up with all the positive growth data out of China this week. As has been the case, we'll still be hearing chirps from the hawks and doves on both the military and economic fronts. The right words from the right lips can always heat things up. Trade well.


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