CL 08 12 (1 Min) 06.27.12

6/27/2012 Monthly Durable Goods Orders (0230 HI time / 0830 EDT)
Core Forecast: 0.9%
Core Actual: 0.4%
Previous revision: n/a
Regular Forecast: 0.5%
Regular Actual: 1.1%
Previous Revision: -0.4% to -0.2%
SPIKE WITH 2ND PEAK
Started @ 79.58
1st Peak @ 79.76 – 0231 (1 min)
18 ticks

2nd Peak @ 80.06 – 0240 (10 min)
48 ticks

Reverse to 79.70 – 0251 (21 min)
36 ticks

Notes: Report came in mixed, falling short on the core reading with downward revisions to the previous reports while exceeding expectations on the regular reading. The reaction surprisingly ran with the strong regular reading, going long decisively. With the market in a long trend prior to the report, the momentum continued without having to fight through any SMAs. The 2nd peak had to fight through the R1 Pivot, then the reversal came back to the 50 SMA.