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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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As for stocks, it was the worst start to a February since 1933.

2.04.2014

Top Day Market News

Yesterday’s top performers were Coffee and Oats and the worst performers on the board were heating oil and stock index futures. As for stocks, it was the worst start to a February since 1933. Risk aversion was expressing itself eloquently yesterday with Yen and Bonds higher, dollar lower. The opening day for February was the worst since 1933. Sounds ominous if nothing else. Corrections are good for markets until you are caught in one. The key is that we are back to a “risk on/risk off” binary market and with the probability of continued tapering by the Fed and the probability of mismanagement by emerging countries of their economies, we are generally in a “risk off” environment. The response to a weaker than expected ISM number was the catalyst yesterday for a vigorous decline.

The depth of that decline suggests a reversal Tuesday today. Factory orders and ISM services at 10.

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Feb 03

10:00

ISM Index

Jan

 

57.0

56.0

56.5

57.0

Feb 03

10:00

Construction  Spending

Dec

 

-1.0%

0.1%

1.0%

 

Feb 03

14:00

Auto Sales

Jan

 

NA

NA

5.3M

 

Feb 03

14:00

Truck Sales

Jan

 

NA

NA

6.6M

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Feb 04

10:00

Factory Orders

Dec

 

-2.0%

-1.7%

1.8%

 

Feb 05

07:00

MBA Mortgage Index

02/01

 

NA

NA

-0.2%

 

Feb 05

08:15

ADP Employment Change

Jan

 

175K

178K

238K

 

Feb 05

10:00

ISM Services

Jan

 

53.5

53.8

53.0

 

Feb 05

10:30

Crude Inventories

02/01

 

NA

NA

6.421M

 

Feb 06

07:30

Challenger Job Cuts

Jan

 

NA

NA

-5.9%

 

Feb 06

08:30

Initial Claims

02/01

 

330K

335K

348K

 

Feb 06

08:30

Continuing Claims

01/25

 

3000K

2993K

2991K

 

Feb 06

08:30

Trade Balance

Dec

 

-$37.0B

-$36.0B

-$34.3B

 

Feb 06

08:30

Productivity-Prel

Q4

 

2.5%

2.4%

3.0%

 

Feb 06

08:30

Unit Labor Costs

Q4

 

0.0%

-0.5%

-1.4%

 

Feb 06

10:30

Natural Gas Inventories

02/01

 

NA

NA

-230

bcf

 

Feb 07

08:30

Nonfarm Payrolls

Jan

 

150K

175K

74K

 

Feb 07

08:30

Nonfarm Private  Payrolls

Jan

 

160K

161K

87K

 

Feb 07

08:30

Unemployment Rate

Jan

 

6.5%

6.7%

6.7%

 

Feb 07

08:30

Hourly Earnings

Jan

 

0.2%

0.2%

0.1%

 

Feb 07

08:30

Average Workweek

Jan

 

34.5

34.4

34.4

 

Feb 07

15:00

Consumer Credit

Dec

 

$10.0B

$11.5B

$12.3B

 

 

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

1739.75

1758.50

1716

1766

1798.0

1819.00

Mar Nasdaq

D

3414

3464

3393

3498

3555

3595

Mar Yen

U

96.05

96.90

98.14

98.74

98.40

99.06

Mar EC

D

133.22

134.03

134.92

135.24

136.41

137.98

Mar 10 Year Note

U

124.05

124.31

125.27

126.23

126.07

126.26

Mar 30 Year Bond

U

1331.08

132.14

133.28

135.17

134.12

135.04

Mar Soybean

U

12.45

15.64

12.804

13.02

12.97

13.11

Mar Corn

U

4.24

4.29

4.33

4.38

4.36

4.39

Feb Gold

D

1211.80

1228.70

1244

1270

1271.3

1297.00

March Silver

D

18.28

18.71

19.11

19.66

19.83

20.56

March Copper

D

312.60

316.00

317.2

321.00

325.00

332.00

Mar Crude

PRD(D)

93.70

95.55

95.81

97.49

98.90

100.45