2.13.2014
Top Day Market News
US retail sales are expected to be soft due to the rough weather of this winter. Consumers have been literally frozen out of stores.
Last night, the Australian job creation number was a big miss. Came in with a loss of -3.7K versus an expected add of 15K. If the Chinese numbers released the previous night of big adds to export/import, the Australian unemployment number wouldn’t be this bad. Something doesn’t add up.
Copper had a pop but that’s probably just as hollow. British is being crossed against the world.
To review, China stated that January shipments were higher by 10.6% and imports were higher by 10%. This surprised market watchers. Some believe that this latest data is exaggerated, distorted by false invoicing. China’s neighbors Taiwan and S. Korea both registered weak numbers for January. Many economists believe that China in 2014 will grow at its slowest pace in 24 years.
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Week of February 10 - February 14 |
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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% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
12 |
|
|
|
|
|
|
|
|
|
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 |
U |
1712 |
1752 |
1805 |
1823 |
1814 |
1835 |
|
Mar Nasdaq |
U |
3362 |
3461 |
3599.50 |
3635.00 |
3611 |
3661 |
|
Mar Yen |
U |
96.41 |
67.09 |
97.48 |
98.07 |
98.86 |
99.95 |
|
Mar EC |
PRD(D) |
134.13 |
135.20 |
135.33 |
136.44 |
136.90 |
137.53 |
|
Mar 10 Year Note |
D |
124.19 |
125.09 |
125.00 |
125.17 |
126.18 |
127.25 |
|
Mar 30 Year Bond |
D |
130.22 |
132.03 |
131.28 |
132.25 |
134.26 |
136.10 |
|
Mar Soybean |
U |
12.58 |
12.95 |
13.16 |
13.34 |
13.51 |
13.78 |
|
Mar Corn |
PRD(D) |
4.27 |
4.35 |
4.37 |
4.44 |
4.49 |
4.55 |
|
Aprl Gold |
U |
1226 |
1241 |
1279.2 |
1299.6 |
128 |
1294 |
|
March Silver |
U |
18.51 |
19.24 |
19.95 |
20.46 |
20.52 |
21.06 |
|
March Copper |
D |
315 |
319.50 |
320.50 |
327.00 |
327 |
329.60 |
|
Mar Crude |
PRD(D) |
94.90 |
97.52 |
98.95 |
100.59 |
101.50 |
102.86 |
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