CL 03 12 (1 Min) 12.13.11

12/13/2011 Monthly Retail Sales (0330 HI time / 0830 EST)
Core Forecast: 0.5%
Core Actual:0.2%
Previous revision: none
Regular Forecast: 0.6%
Regular Actual:0.2%
Previous Revision:+0.1% to 0.6%
SPIKE WITH 2ND PEAK
Started @ 98.75
1st Peak @ 98.63 – 0231 (1 min)
12 ticks

2nd Peak @ 98.57 – 0341 (11 min)
18 ticks

Reversal to 98.83 – 0356 (26 min)
26 ticks (2x top)

Notes: Report fell short of forecast causing a moderate downward spike and follow on reversal . Spike hit the R1 line and bounced back up. Low trade volume due to Christmas holiday, hence reaction was tamer than expected. Overall activity restricted to between just above 200 / 100 SMAs and R1 line.