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Sunday, March 9, 2008


Next Week

The January count for wholesale inventories will be published on Monday. The latest look at the nation's trade balance is due out on Tuesday. An update on the federal budget deficit and the weekly figures for crude oil and gasoline inventories are scheduled for Wednesday. New numbers for retail sales, import and export prices, business inventories and weekly initial jobless claims will be released on Thursday. The week's flow of economic data concludes on Friday with reports on the Consumer Price Index (CPI) and the University of Michigan's Consumer Sentiment Index.

Significant Numbers To Watch

11634-Support, the 1/22/08 low
12767-Resistance, the 02/01/08 high
12551-50-day simple moving average
13263-200-day simple moving average

S&P 500:
1270-Support, the 1/22/08 low
1396-Resistance, the 02/01/08 high
1375-50-day simple moving average
1466-200-day simple moving average

2202-Support, the 1/23/08 low
2419-Resistance, the 02/01/08 high
2395-50-day simple moving average
2580-200-day simple moving average