May 192013
9/15/2011 Monthly Empire State Manufacturing Index (0230 HI time / 0830 EDT)
Forecast: -3.9%
Actual: -8.8%
SPIKE WITH 2ND PEAK
Started @ 89.90
1st Peak @ 89.59 – 0231 (1 min)
31 ticks (2x bottom)
2nd Peak @ 89.55 – 0234 (4 min)
32 ticks
Retrace to 89.99 – 0243 (13 min)
44 ticks
Notes: Report fell short of forecast. Thursday am report along with weekly unemployment claims (mild negative with 428K), and CPI (matching forecast). I would not trade this report due to 3 medium market movers braking at the same time. All negative news in this case drove the downward reaction.