01.23.14
Top Day Market News
Another light day in terms of economic releases. The belief that the US will raise the debt limit and thereby preventing an economic seizure has enabled markets to generally drift higher. A US government shutdown would naturally create deflationary pressures and basically take all markets down to new valuation levels. Oil yesterday traded at its highest level in four months while silver has also moved higher recently. Crude is moving into overbought levels in terms of RSI (71.5). Part of the crude dynamic was the expiration of February futures yesterday and a bit of a short squeeze. The market is looking for increases in stocks with the release of the Department of Energy numbers. They will be delayed a day due to the MLK holiday on Monday.
|
|
Week of January 21 - January 25 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jan 22 |
10:00 |
|
Dec |
|
5.10M |
5.10M |
5.04M |
|
|
|
Jan 23 |
07:00 |
MBA Mortgage Index |
01/19 |
|
NA |
NA |
15.2% |
|
|
|
Jan 23 |
09:00 |
FHFA Housing Price Index |
Nov |
|
NA |
NA |
0.5% |
|
|
|
Jan 24 |
08:30 |
|
01/19 |
|
365K |
355K |
335K |
|
|
|
Jan 24 |
08:30 |
|
01/12 |
|
3200K |
3200K |
3214K |
|
|
|
Jan 24 |
10:00 |
|
Dec |
|
0.5% |
0.5% |
-0.2% |
|
|
|
Jan 24 |
10:30 |
Natural Gas |
01/19 |
|
NA |
NA |
-148 |
|
|
|
|
|||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jan 24 |
|
Inventories |
|
|
|
|
bcf |
|
|
Jan 24 |
11:00 |
Crude Inventories |
01/19 |
|
NA |
NA |
- 0.951M |
|
|
Jan 25 |
10:00 |
|
Dec |
|
360K |
387K |
377K |
|
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 |
U |
1447 |
1463 |
1479 |
1495 |
1488 |
1496 |
|
Mar Nasdaq |
U |
2664 |
2710 |
2728.50 |
2765 |
2766 |
2777 |
|
Mar Yen |
U |
108.94 |
110.02 |
111.32 |
113.68 |
113.07 |
115.04 |
|
Mar EC |
U |
131.82 |
132.53 |
132.27 |
133.76 |
134.04 |
134.84 |
|
Mar 10 Year |
U |
131.09 |
131.23 |
131.13 |
132.14 |
132.16 |
132.28 |
|
Mar 30 Year |
U |
144.03 |
144.31 |
145.15 |
146.12 |
146.20 |
147.13 |
|
Mar Soybeans |
D |
13.46 |
13.87 |
14.24 |
14.63 |
14.59 |
14.89 |
|
Mar Corn |
U |
7.03 |
7.15 |
7.24 |
7.33 |
7.37 |
7.47 |
|
Feb Gold |
U |
1642.3 |
1663.4 |
1686.7 |
1697 |
1701.7 |
1718.9 |
|
Mar Silver |
U |
29.71 |
30.80 |
31.87 |
32.42 |
32.56 |
33.23 |
|
Mar Copper |
U |
355 |
361 |
367 |
372 |
371 |
375 |
|
Mar Crude |
U |
92.13 |
93.96 |
95.80 |
97.22 |
97.03 |
98.33 |
