Free $25 Commodity Investor Kit

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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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SOTU speech trending.

1.29.2013

Top Day Market News

The Federal Open Market Committee concludes its meeting today, the last under Ben Bernanke, and announces its rate decision and possibly offers forward guidance at 2:00 pm. Of course, trading should contract in front of this number as exposure is taken off the table, then a possible quantum change in the wake if the Fed’s communique. There will be no follow up news conference.

Yesterday, Turkey called an emergency meeting to jack rates from 4.5% to 10% to apply a brake to their currency’s de facto devaluation. South Africa followed suit and raised rates as well. This policy usually fails.

Yesterday’s best performers were Oats and Nat Gas and the worst were Silver, Lumber and Palladium. Crude could have reversed its intermediate trend but didn’t by rallying with some conviction for the balance of the day. It’s best to stay light and nimble ahead of FOMC decisions. There’s plenty of opportunity to be aggressive later. Exercise prudence even if it kills you.

 

Week of January 27 - January 31

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%

                   

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

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%

 

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

 

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

1759.50

1798.00

1822

1865

Mar Nasdaq

D

3456

3491

3445

3529

3599

3671

Mar Yen

U

94.43

96.10

96.88

97.92

98.75

99.73

Mar EC

D

134.06

135.41

136.00

136.92

137.75

138.74

Mar 10 Year Note

U

123.04

124.00

124.25

125.13

125.24

126.14

Mar 30 Year Bond

U

129.31

131.11

131.28

133.02

133.21

134.19

Mar Soybean

D

12.36

12.60

12.72

12.91

13.11

13.37

Mar Corn

U

4.17

4.23

4.29

4.32

4.33

4.37

Feb Gold

D

1215.20

1242

1245.00

1268.00

1274

1300

March Silver

D

19.20

19.55

19.35

19.98

20.34

20.78

March Copper

D

319.60

323.00

324.15

328.50

332

339

Mar Crude

U

91.94

94.42

96.14

98.17

98.61

100.32