TSP's Top Stories To Watch Today

TSP's Top Stories Before the Bell

Here are the top stories we are watching that could impact trading in the stock market this morning…

• IMF Director Dominique Strauss-Kahn arrested on attempted rape charges. EU bailout timing now in question.
  
• Empire Manufacturing Report a mixed bag. Headline was well below consensus and inflation was hot while employment and Business Confidence components weren't bad at all.
  
• Inflation in Eurozone comes in in-line with expectations at +2.8% on annual basis.
  
• EU Minister summit begins today. A focus will be on the decision to provide more aid to Greece.
  
• Charge-Offs at Capital One improve again in April. This is an important trend to watch in terms of the state of the consumer.
  
• India's inflation rate came in above expectations as Wholesale Price Index rose to 8.66% vs. expectations for 8.5%.
  
• NASDAQ OMX Group and Intercontinental Exchange have withdrawn their bid for NYSE Euronext.
  
• NAHB Housing Index due at 10:00 am eastern.
  
• Are you Bullish On the Buck? Dave looks at this key question for the markets in his Daily State column this morning.
  
• Here's your executive summary of Wall Street Research for this morning.
  
• ETF Big Money Flow - Looking for where the big money is flowing in the ETF Universe?.
  
• Oil prices are falling this morning - May futures trading at $98.57
  
• Key technical areas to watch on S&P 500 (cash index) - Key Support: 1335, Resistance: 1350-70

 

  S&P 500 Last 3 Months

 

  US Oil Fund - Last 3 Months

  PowerShares US Dollar - Last 3 Months

 

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