-102611.jpg "Click to enlarge")
10/26/2011 Monthly Durable Goods Orders (0230 HI time / 0830 EDT)
Core Forecast: 0.5%
Core Actual:1.7%
Previous revision:-0.3% to -0.4%
Regular Forecast: -0.7%
Regular Actual: -0.8%
Previous Revision: none
SPIKE/RETRACE
Started @ 93.55
Peak @ 93.86 – 0231 (1 min)
31 ticks (lost it all on retrace)
Retrace to 92.73 – 0246 (9 min)
113 ticks
Notes: Report came in exceeding the forecast overall with a small revisions to the previous report causing a small upward spike up to the 100 / 50 / 200 SMAs then retracing before the candle closed out.. This report was also encompassed inside of a downward FAN – the initial spike was part of a gap close /reversal, but being news driven, promptly fell again. Then the drop was a continuation of the FAN. The report spike was a blip in the overall chart movement, albeit a 31 tick blip.