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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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Janet Yellen received Senate confirmation for her nomination as the next Chairman of the Federal Reserve.

1.07.2013

Top Day Market News

Just the Balance of Trade today at 8:30.

Last night Janet Yellen received Senate confirmation for her nomination as the next Chairman of the Federal Reserve.

Trading remains thin in terms of volume. In fact, yesterday’s trade was the third slowest beginning of a full trading week in the last 10 years. Markets need volume to trend. Open interest in S+P futures are at fifteen year lows. Copper shook of its negative tendencies. Stocks continue to feel heavy but are short term oversold. Bonds want to continue to drift higher. The market is looking for a catalyst to spark the next move. Complacency is high. Leverage is also very high. The jobless numbers on Friday suggests the potential of a considerable event risk. Federal Reserve governors sound more hawkish lately regarding tapering.

Metals have decoupled from dollar trading over the past week. Gold should investigate the highs of early December.

Meanwhile, the EC should find resistance at 136.68 and 137 before attacking the 135 level.

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

 

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

D

1804

1813

1614

1629

1839

1850

Mar Nasdaq

D

3443

2507

3502

3536

3574

3618

Mar Yen

U

94.26

94.92

95.40

96.38

96.18

96.78

Mar EC

D

134.29

135.13

135.86

136.68

137.50

139.03

Mar 10 Year Note

U

122.15

122.26

123.02

123.31

123.14

123.23

Mar 30 Year Bond

U

127.05

127.25

128.13

129.16

129.03

129.21

Mar Soybeans

U

12.29

12.50

12.63

12.82

13.04

13.36

Mar Corn

PRD(U)

4.12

4.17

4.21

4.30

4.28

4.32

Feb Gold

U

1161

1199

1217

1252

1257

1277

March Silver

U

18.04

19.69

19.91

20.54

20.81

21.48

March Copper

U

329

333

334

337

340

345

Feb Crude

D

90.00

91.72

92.35

94.28

99.28

103.13