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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Stay safe Chicago!

1.06.2013

Top Day Market News

The start of the first full trading week of 2014 will end with the all important US non-farm payroll numbers. Better performance in US job creation led the Federal Reserve to announce a tapering of their asset purchase program at the last Federal Open Market Committee meeting. This partial withdrawal of stimulus expressed itself at the beginning of the year with a “risk off” psychology. Crude oil fell sharply, stocks retreated and the Yen advanced against most other currencies. These moves were basically a partial reversal of the major trends of last year. The basic question the market will ask itself this week is whether the Fed’s tapering is a tightening of monetary policy or is it just a modest reduction if the Fed’s balance sheet. The release of the minutes of the last Fed meeting on Wednesday should help answer this question.

For a Monday, today’s a fairly busy day with Factory Orders and the Institute for Supply Management services index both released at 10.

Going into this week, a key market, copper, appears to be rolling over after double topping at 340.


 

Week of January 06 - January 10

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jan 06

10:00

Factory Orders

Nov

 

2.0%

1.7%

-0.9%

 

Jan 06

10:00

ISM Services

Dec

 

53.0

54.6

53.9

 

Jan 07

08:30

Trade Balance

Nov

 

-$41.5B

-$40.4B

-$40.6B

 

Jan 08

07:00

MBA Mortgage Index

01/04

 

NA

NA

NA

 

Jan 08

08:15

ADP Employment Change

Dec

 

185K

203K

215K

 

Jan 08

10:30

Crude Inventories

01/04

 

NA

NA

- 7.007M

 

Jan 08

14:00

FOMC Minutes

12/18

 

 

 

 

 

Jan 08

15:00

Consumer Credit

Nov

 

$15.0B

$15.2B

$18.2B

 

Jan 09

07:30

Challenger Job Cuts

Dec

 

NA

NA

-20.6%

 

Jan 09

08:30

Initial Claims

01/04

 

340K

338K

NA

 

                   

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jan 09

08:30

Continuing Claims

12/28

 

2875K

2875K

NA

 

Jan 09

10:30

Natural Gas Inventories

01/04

 

NA

NA

-97 bcf

 

Jan 10

08:30

Nonfarm Payrolls

Dec

 

185K

197K

203K

 

Jan 10

08:30

Nonfarm Private  Payrolls

Dec

 

200K

198K

196K

 

Jan 10

08:30

Unemployment Rate

Dec

 

7.1%

7.0%

7.0%

 

Jan 10

08:30

Hourly Earnings

Dec

 

0.2%

0.2%

0.2%

 

Jan 10

08:30

Average Workweek

Dec

 

34.5

34.5

34.5

 

Jan 10

10:00

Wholesale Inventories

Nov

 

-0.2%

0.2%

1.4%

 


MARKET PLACE

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend U is Up

D is Down

PRD is Potential Reversal Day S2 is Weekly strong support

S1 is Weekly good support DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance and is calculated once a week on Sunday night

R2 is Weekly Strong Resistance and is calculated once a week on Sunday night

Levels are for the most active futures contract

 

Daily Support and Resistance

 

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Mar ES

PRD(D)

1804

1813

1819

1832

1839

1850

Mar Nasda q

PRD(D)

3443

2507

3517

3556

3574

3618

Mar Yen

U

94.26

94.92

95.24

96.02

96.18

96.78

Mar EC

D

134.29

135.13

135.62

136.52

137.50

139.03

Mar 10 Year Note

PRD(U)

122.15

122.26

123.22

123.17

123.14

123.23

Mar 30 Year Bond

PRD(U)

127.05

127.25

128.06

129.07

129.03

129.21

Mar Soybeans

U

12.29

12.50

12.64

12.78

13.04

13.36

Mar Corn

D

4.12

4.17

4.19

4.28

4.28

4.32

Feb Gold

U

1161

1199

1226.7

1251

1257

1277

March Silver

U

18.04

19.69

19.83

20.36

20.81

21.48

March Coppe r

PRD(D)

329

333

332

337

340

345

Feb Crude

D

90.00

91.72

93.13

96.16

99.28

103.13