-110112.jpg "Click to enlarge")
11/1/2012 Monthly ISM Manufacturing PMI (0400 HI time / 1000 EDT)
Forecast: 51.2
Actual: 51.7
Previous revision: n/a
SPIKE WITH 2ND PEAK
Started @ 86.26
1st Peak @ 86.38 – 0401 (1 min)
12 ticks
Reversal to 86.21 – 0402 (2 min)
17 ticks
2nd Peak @ 86.59 – 0425 (25 min)
33 ticks
Reversal to 86.35 – 0433 (33 min)
24 ticks
Notes: Due to Hurricane Sandy, The CB Consumer Confidence Report broke at the same time as ISM Manufacturing. This was not recommended for trading due to the combined report and bizarre circumstances. The ISM Report mildly exceeded the forecast and had another reading above 50 for the second time in 4 months and the CB Consumer Confidence matched the forecast. This caused a small spike of 12 ticks that crossed both the 200 and 100 SMAs then surrendered and reversed for 17 ticks. It achieved a labored 2nd peak of 33 ticks 25 min later crossing the PP Pivot on its way up. Then it reversed for 24 ticks to nick the 50 SMA.