User 143167

Options Trader: Wednesday Outlook

Quoted from Census Bureau:

Unfilled Orders

Unfilled orders for manufactured durable goods in April, up twenty-six of the last twenty-seven months, increased $7.6 billion or 1.0 percent to $804.5 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.3 percent March increase.

Inventories

Inventories of manufactured durable goods in April, up nine of the last ten months, increased $1.7 billion or 0.5 percent to $328.6 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 1.0 percent March increase.

Options Trader: Wednesday Outlook

Look at the durable goods orders# carefully, the unfilled orders and inventory both hit the highest since 1992. Don't follow those stupid talking heads on the media to interpret everything into buy, buy, buy..