For Friday, I am looking at support at 43.15 / 42.75. I am looking to close another position at 43.15. Support at 43.95 / 44.25. The only report that may have a big impact is the Department of Commerce’s Construction Spending report reported at 10AM. So I am going to to be looking for a trade around then.

The construction spending report reports residential, non-residential, and public expenditures on new construction. usually, this is not a big deal, since monthly reports are subject to friggin’ huge revisions month to month.

The Personal income report comes out before the open. It is an indicator of future consumer demand. When consumers stop spending, it is bad for growth.

qqqq20070329.png

Mar 30 reports
8:30 AM Personal Income, Personal Spending
9:45 AM Chicago PMI
10:00 AM Construction Spending

Friday QQQQ support 43.15 / 42.75 Resistance at 43.95 / 44.25

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