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.
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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% |
|
|
|
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 |
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