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Phone: 312.920.0212
Fax: 855.994.4111


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9247 Broadway
Suite EE
Merrillville, IN 46410

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Traders continue to want to sell rips in the Canadian and Australian dollar.

1.30.2013

Top Day Market News

The Federal Reserve was the model of consistency yesterday as they unanimously vote to taper another 10 billion dollars from their asset purchases. They did not mention trouble with the emerging markets as this development was too new and isn’t an immediate driver of US central bank policy nor did they did not mention the anemic jobs report number.

Instead, it was a steady hand on the rudder plotting a steady course. Otherwise, the market continues to want to correct its “over-boughtness.” Metals attempted to rally in the beginning of the day but continued to find it difficult to purchase traction. The EC looks heavy. Traders continue to want to sell rips in the Canadian and Australian dollar.

Chinese manufacturing came in just slightly below expectations. Weekly jobs data and advance GDP out at 8:30.

 

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%

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

 

                   

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

 

 

 

 

 

 

 

 

 

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

1756

1793

1822

1865

Mar Nasdaq

D

3456

3491

3442

3516

3599

3671

Mar Yen

U

94.43

96.10

97.10

98.60

98.75

99.73

Mar EC

D

134.06

135.41

135.67

136.93

137.75

138.74

Mar 10 Year Note

U

123.04

124.00

124.31

126.60

125.24

126.14

Mar 30 Year Bond

U

129.31

131.11

132.14

134.05

133.21

134.19

Mar Soybean

D

12.36

12.60

12.53

12.814

13.11

13.37

Mar Corn

U

4.17

4.23

4.256

4.31

4.33

4.37

Feb Gold

D

1215.20

1242

1238.30

1272.0

1274

1300

March Silver

D

19.20

19.55

19.14

19.86

20.34

20.78

March Copper

D

319.60

323.00

321.50

326.0

332

339

Mar Crude

U

91.94

94.42

96.35

98.00

98.61

100.32