1.28.2013
Top Day Recommendations
There was more unwinding of risk on Monday on carryover selling and margin liquidation from Friday’s rout. All in all, most markets did try to find equilibrium by day’s end with the exception of the NASDAQ which legged even lower after 4:30. Overnight, the British Pound continued to grind higher into that country’s release for Q4 GDP this morning. The US calendar is fairly full with durable goods and consumer confidence slated for release. The rest of the session will be spent watching for further signs of weakness/deterioration in emerging markets and positioning ahead of Wednesday’s FOMC rate decision. To offset a possible run on the rupee, India unexpectedly raised rates last night. Crude oil can reverse its intermediate trend to negative with a lower close on Tuesday. CAD traded nicely into resistance yesterday before heading lower.
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Week of January 27 - January 31 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jan 27 |
10:00 |
New Home Sales |
Dec |
|
NA |
NA |
464K |
|
|
|
Jan 28 |
08:30 |
Durable Orders |
Dec |
|
NA |
NA |
3.4% |
3.5% |
|
|
Jan 28 |
08:30 |
Durable Goods –ex transportation |
Dec |
|
NA |
NA |
1.2% |
|
|
|
Jan 28 |
09:00 |
Case-Shiller 20-city Index |
Nov |
|
NA |
NA |
13.6% |
|
|
|
Jan 28 |
10:00 |
Consumer Confidence |
Jan |
|
NA |
NA |
78.1 |
|
|
|
Jan 29 |
07:00 |
MBA Mortgage Index |
01/25 |
|
NA |
NA |
4.7% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
|
|
|
Jan 29 |
10:30 |
Crude Inventories |
01/25 |
|
NA |
NA |
0.990M |
|
|
Jan 29 |
14:00 |
FOMC Rate Decision |
Jan |
|
NA |
NA |
0.25% |
|
|
Jan 30 |
08:30 |
Initial Claims |
01/25 |
|
NA |
NA |
326K |
|
|
Jan 30 |
08:30 |
Continuing Claims |
01/18 |
|
NA |
NA |
3056K |
|
|
Jan 30 |
08:30 |
GDP-Adv. |
Q4 |
|
NA |
NA |
4.1% |
|
|
Jan 30 |
08:30 |
Chain Deflator-Adv. |
Q4 |
|
NA |
NA |
2.0% |
|
|
Jan 30 |
10:00 |
Pending Home Sales |
Dec |
|
NA |
NA |
0.2% |
|
|
Jan 30 |
10:30 |
Natural Gas Inventories |
01/25 |
|
NA |
NA |
-107 bcf |
|
|
Jan 31 |
08:30 |
Personal Income |
Dec |
|
NA |
NA |
0.2% |
|
|
Jan 31 |
08:30 |
Personal Spending |
Dec |
|
NA |
NA |
0.5% |
|
|
Jan 31 |
08:30 |
PCE Prices - Core |
Dec |
|
NA |
NA |
0.1% |
|
|
Jan 31 |
08:30 |
Employment Cost Index |
Q4 |
|
NA |
NA |
0.4% |
|
|
Jan 31 |
09:45 |
Chicago PMI |
Jan |
|
NA |
NA |
60.8 |
59.1 |
|
Jan 31 |
09:55 |
Michigan Sentiment - Final |
Jan |
|
NA |
NA |
80.4 |
|
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 |
1738 |
1758 |
1764.50 |
1789 |
1822 |
1865 |
|
Mar Nasdaq |
D |
3456 |
3491 |
3465 |
3842 |
3599 |
3671 |
|
Mar Yen |
U |
94.43 |
96.10 |
96.94 |
97.93 |
98.75 |
99.73 |
|
Mar |
U |
134.06 |
135.41 |
136.38 |
137.04 |
137.75 |
138.74 |
|
EC |
|
|
|
|
|
|
|
|
Mar 10 Year Note |
U |
123.04 |
124.00 |
124.20 |
125.04 |
125.24 |
126.14 |
|
Mar 30 Year Bond |
U |
129.31 |
131.11 |
132.00 |
132.31 |
133.21 |
134.19 |
|
Mar Soybean |
PRD(U) |
12.36 |
12.60 |
12.80 |
12.94 |
13.11 |
13.37 |
|
Mar Corn |
U |
4.17 |
4.23 |
4.28 |
4.34 |
4.33 |
4.37 |
|
Feb Gold |
D |
1215.20 |
1242 |
1250.20 |
1278.0 |
1274 |
1300 |
|
March Silver |
D |
19.20 |
19.55 |
19.53 |
20.07 |
20.34 |
20.78 |
|
March Copper |
D |
319.60 |
323.00 |
324.50 |
327.90 |
332 |
339 |
|
Mar Crude |
PRD(D |
91.94 |
94.42 |
94.89 |
96.86 |
98.61 |
100.32 |
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