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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

Resource Pages | Friend Pages

The market is caught up in a sequence of volatility.

2.10.2014

Top Day Market News

Equities rallied, then fell then rallied Friday as the non farm payroll number came in less than expected, again. Even the previous month, an anemic 74K, was only upwardly revised by 1K. The worse than expected NFP number suggested to some that the Fed may be persuaded to pause the taper of its asset purchases. Later in the day, comments from some Fed officials and well placed journalists suggested otherwise.

The market is caught up in a sequence of volatility. It’s not a leading indicator but a coincident one. The market is in a “VIX box.” When the VIX approaches single digits, expect something to go wrong. When the VIX exceeds 20, expect a rally. See chart below for a more eloquent explanation.

 

Week of February 10 - February 14

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Feb 11

10:00

JOLTS - Job

Openings

Dec

 

NA

NA

4.001M

 

Feb 11

10:00

Wholesale  Inventories

Dec

 

NA

NA

0.5%

 

Feb 12

07:00

MBA Mortgage Index

02/08

 

NA

NA

0.4%

 

Feb 12

10:30

Crude Inventories

02/08

 

NA

NA

0.440M

 

Feb 12

14:00

Treasury Budget

Jan

 

NA

NA

$2.9B

 

Feb 13

08:30

Initial Claims

02/08

 

NA

NA

331K

 

Feb 13

08:30

Continuing Claims

02/01

 

NA

NA

2964K

 

Feb 13

08:30

Retail Sales

Jan

 

NA

NA

0.2%

 

Feb 13

08:30

Retail Sales ex-auto

Jan

 

NA

NA

0.7%

 

Feb 13

10:00

Business Inventories

Dec

 

NA

NA

0.4%

 

Feb 13

10:30

Natural Gas Inventories

02/08

 

NA

NA

-262

bcf

 

Feb 14

08:30

Export Prices ex-ag.

Jan

 

NA

NA

0.3%

 

Feb 14

08:30

Import Prices ex-oil

Jan

 

NA

NA

-0.1%

 

Feb 14

09:15

Industrial Production

Jan

 

NA

NA

0.3%

 

Feb 14

09:15

Capacity Utilization

Jan

 

NA

NA

79.2

 

Feb 14

09:55

Mich Sentiment

Feb

 

NA

NA

81.2

 

                   

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

PRD(U)

1712

1752

1769

1805

1814

1835

Mar Nasdaq

PRD(U)

3362

3461

3504

3586

3611

3661

Mar Yen

PRD(D)

96.41

67.09

97.31

98.41

98.86

99.95

Mar EC

U

134.13

135.20

135.70

137.03

136.90

137.53

Mar 10 Year Note

D

124.19

125.09

125.11

126.13

126.18

127.25

Mar 30 Year Bond

D

130.22

132.03

132.14

134.04

134.26

136.10

Mar Soybean

U

12.58

12.95

13.23

13.40

13.51

13.78

Mar Corn

U

4.27

4.35

4.38

4.41

4.49

4.55

Aprl Gold

D

1226

1241

1254.9

1279

128

1294

March Silver

U

18.51

19.24

19.76

20.36

20.52

21.06

March Copper

PRD(U)

315

319.50

321

326

327

329.60

Mar Crude

U

94.90

97.52

97.91

101.04

101.50

102.86