Calendar of Events

This week's Econoday market moving indicators will be coming up on Thursday and Friday. Durable Goods Orders, which reflects the new orders placed with domestic manufacturers for immediate and future delivery, will be released at 8.30am on Thursday. March numbers was worse than expected. It was not shocking though. New orders are down seven of the last eight months. The following day, GDP will be up at 8.30am. The consensus is positive. It is expected to grow for the first quarter 2009 by 2.9%, same as the previous quarter. This week's earning highlights are Dell (DELL), The Bank of Nova Scotia (BNS) and Toronto-Dominion Bank (TD) on Thursday. The consensus for Dell ranges between $0.19 to $0.27.

Now that the doubts for the quick economic recovery is back, investors started to take comfort investing in Gold, futures pushed toward $1K level again. Oil is also on the rise. The movement isn't necessarily caused by supply and demand though. Speculators are back in.

GM is now off on the bankruptcy speculation. The stock was down to $1.43 with a Market Capitalization of only $873.1 Million.

June Options are expiring in 25 days. Jun 09 800.00 puts for S&P 500 is actively changing hands pushing towards $19 Billion. Jun 09 900.00 calls are also active trading for about $20 Billion.