01.17.14
Top Day Recommendations
Initial and continuing claims kick off the day. Then housing starts and building permits capped off by the Philly Fed at 10:00. This should be enough of a slalom course for the market to navigate today. Overnight, risk is on with equities higher and bonds lower. Yesterday, bonds rallied on the idea that political infighting over the debt ceiling will crimp eco growth and increase demand for defensive instruments. Today, there’s a different spin at least in the early going. Standing back a bit, the NOB or Notes over Bonds, 10’s over 30’s have been aggressively working a downside channel since November.
All 787 Dreamliners have been grounded on concerns over their lithium-ion battery. Platinum continues to be aggressively bought on breaks. MLK holiday looms on Monday so look for book squaring considerations.
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Week of January 14 - January 18 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jan 15 |
08:30 |
|
Dec |
|
0.4% |
0.2% |
0.3% |
|
|
|
Jan 15 |
08:30 |
|
Dec |
|
0.5% |
0.3% |
0.0% |
|
|
|
Jan 15 |
08:30 |
|
Dec |
|
0.0% |
0.0% |
-0.8% |
|
|
|
Jan 15 |
08:30 |
|
Dec |
|
0.1% |
0.2% |
0.1% |
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|
|
|
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jan 15 |
08:30 |
Empire Manufacturing |
Jan |
|
0.0 |
2.0 |
-8.1 |
|
|
Jan 15 |
10:00 |
|
Nov |
|
0.3% |
0.3% |
0.4% |
|
|
Jan 16 |
07:00 |
MBA Mortgage Index |
01/12 |
|
NA |
NA |
11.7% |
|
|
Jan 16 |
08:30 |
|
Dec |
|
0.0% |
0.0% |
-0.3% |
|
|
Jan 16 |
08:30 |
|
Dec |
|
0.1% |
0.1% |
0.1% |
|
|
Jan 16 |
09:00 |
Net Long-Term TIC Flows |
Nov |
|
NA |
NA |
$1.3B |
|
|
Jan 16 |
09:15 |
|
Dec |
|
0.1% |
0.2% |
1.1% |
|
|
Jan 16 |
09:15 |
|
Dec |
|
78.5% |
78.5% |
78.4% |
|
|
Jan 16 |
10:00 |
NAHB Housing Market Index |
Jan |
|
47 |
48 |
47 |
|
|
Jan 16 |
10:30 |
Crude Inventories |
01/12 |
|
NA |
NA |
1.314M |
|
|
Jan 16 |
14:00 |
Fed's Beige Book |
Jan |
|
|
|
|
|
|
Jan 17 |
08:30 |
|
01/12 |
|
375K |
370K |
371K |
|
|
Jan 17 |
08:30 |
|
01/05 |
|
3150K |
3100K |
3109K |
|
|
Jan 17 |
08:30 |
|
Dec |
|
880K |
889K |
861K |
|
|
Jan 17 |
08:30 |
|
Dec |
|
880K |
905K |
899K |
|
|
Jan 17 |
10:00 |
|
Jan |
|
1.0 |
5.2 |
4.6 |
8.1 |
|
Jan 17 |
10:30 |
Natural Gas Inventories |
01/12 |
|
NA |
NA |
-189 bcf |
|
|
Jan 18 |
09:55 |
|
Jan |
|
76.0 |
75.0 |
72.9 |
|
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 (Change of Trend) 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 |
1436 |
1451 |
1456 |
1469 |
1477 |
1487 |
|
Mar Nasdaq |
U |
2683 |
2713 |
2712 |
2738 |
2759 |
2774 |
|
Mar Yen |
U |
109.71 |
110.95 |
112.43 |
114.56 |
114.32 |
116.45 |
|
Mar EC |
PRD(D) |
129.00 |
131.23 |
132.26 |
133.31 |
134.71 |
135.96 |
|
Mar 10 Year |
U |
131.05 |
131.17 |
132.06 |
132.19 |
132.06 |
132.16 |
|
Mar 30 Year |
U |
143.26 |
144.17 |
145.24 |
146.28 |
145.26 |
146.12 |
|
Mar Soybeans |
D |
13.29 |
13.51 |
14.024 |
14.46 |
13.94 |
14.16 |
|
Mar Corn |
U |
6.57 |
6.83 |
7.254 |
7.40 |
7.29 |
7.49 |
|
Feb Gold |
U |
1625 |
1643 |
1675.9 |
1687.6 |
1679 |
1697.4 |
|
Mar Silver |
U |
29.32 |
29.88 |
31.23 |
31.71 |
30.97 |
31.50 |
|
Mar Copper |
D |
361 |
363 |
357 |
363 |
370 |
374 |
|
Feb Crude |
D |
91.35 |
92.56 |
92.64 |
94.70 |
94.84 |
95.91 |
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