Daily Delphi

Post: Wednesday - Not the busiest trade day of the year. | Daily Delphi

BlogsPit Talk › Wednesday - Not the busiest trade day of the year. November 27, 2013, 6:50 am

7:30AM CT
Initial Claims Forecast 335K Prior 323K
Durable Orders Forecast -3.0% Prior3.8%
8:45AM CT
Chicago PMI Forecast 58.0 Prior 65.9
8:55AM CT
Michigan Sentiment Forecast 73.5 Prior72.0
9:00AM CT
Leading Indicators Forecast -0.1% Prior0.7%
9:30AM CT
Crude Inventories Forecast Prior 0.375M

Lots of data out today but we'll have to see if lots of people are watching. Today is expected to be the busiest travel day of the year and that means fewer traders in the market. Yesterday's volumes were lower across the board and that will be indicative of today and Friday. The first numbers of the morning could spark some movement. Initial claims is always volatile but has drawn some interest since Big Daddy declared the labor situation a key factor to watch. Durable orders and Chicago PMI are always strong indicators. All the info from the leading indicators release is already in the market. The Michigan sentiment number will take on added importance after yesterdays weaker than expected consumer confidence number. Trade wisely and have a great Thanksgiving.

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