02.20.13
Top Day Recommendations
The market continues to grind towards 1550. See chart below.
Today’s releases include housing starts, building permits, the Producer Price Index and the Federal Open Market Committee Meeting at 2 pm. With all these releases today will probably see a trading range expansion. Just eight sessions until sequestration. In England, BOE Governor King was defeated in a move for more stimulus and the Pound heads south. Also, Gold is at a six month low as equities remain at multi year highs.
Week of February 18 - February 22
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Feb 19 |
10:00 |
NAHB Housing Market Index |
Feb |
|
48 |
48 |
47 |
|
|
Feb 20 |
07:00 |
MBA Mortgage Index |
02/16 |
|
NA |
NA |
-6.4% |
|
|
Feb 20 |
08:30 |
Housing Starts |
Jan |
|
900K |
910K |
954K |
|
|
Feb 20 |
08:30 |
Building Permits |
Jan |
|
915K |
918K |
903K |
|
|
Feb 20 |
08:30 |
PPI |
Jan |
|
0.1% |
0.3% |
-0.2% |
|
|
Feb 20 |
08:30 |
Core PPI |
Jan |
|
0.1% |
0.1% |
0.1% |
|
|
Feb 20 |
14:00 |
FOMC Minutes |
1/30 |
|
|
|
|
|
|
Feb 21 |
08:30 |
Initial Claims |
02/16 |
|
365K |
358K |
341K |
|
|
Feb 21 |
08:30 |
Continuing Claims |
02/09 |
|
3200K |
3150K |
3114K |
|
|
Feb 21 |
08:30 |
CPI |
Jan |
|
0.1% |
0.1% |
0.0% |
|
|
Feb 21 |
08:30 |
Core CPI |
Jan |
|
0.1% |
0.2% |
0.1% |
|
|
Feb 21 |
10:00 |
Existing Home Sales |
Jan |
|
4.95M |
4.94M |
4.94M |
|
|
Feb 21 |
10:00 |
Philadelphia Fed |
Feb |
|
2.0 |
1.5 |
-5.8 |
|
|
Feb 21 |
10:00 |
Leading Indicators |
Jan |
|
0.3% |
0.3% |
0.5% |
|
|
Feb 21 |
10:30 |
Natural Gas Inventories |
02/16 |
|
NA |
NA |
-157 bcf |
|
|
Feb 21 |
11:00 |
Crude Inventories |
02/16 |
|
NA |
NA |
0.560M |
|
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 (Change of Trend) 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 |
1502 |
1509 |
1520 |
1532 |
1523 |
1529 |
|
Mar Nasdaq |
U |
2738 |
2749 |
2764 |
2791 |
2774 |
2793 |
|
Mar Yen |
D |
104.58 |
105.00 |
106.39 |
107.86 |
108.37 |
109.11 |
|
Mar EC |
D |
131.81 |
132.39 |
133.43 |
134.46 |
134.84 |
136.11 |
|
Mar 10 Year |
D |
130.21 |
131.03 |
131.05 |
131.18 |
131.27 |
132.06 |
|
Mar 30 Year |
U |
141.18 |
142.17 |
142.23 |
143.19 |
144.08 |
144.28 |
|
Mar Soybeans |
PRD(U) |
13.80 |
14.02 |
14.43 |
15.00 |
14.54 |
14.72 |
|
Mar Corn |
D |
6.73 |
6.86 |
6.89 |
7.02 |
7.12 |
7.26 |
|
April Gold |
D |
1552 |
1581 |
1596.6 |
1626.3 |
1654 |
1699 |
|
May Silver |
D |
28.45 |
29.12 |
29.08 |
30.03 |
31.03 |
32.20 |
|
Mar Copper |
D |
367 |
371 |
3.61 |
3.71 |
377 |
380 |
|
April Crude |
U |
93.77 |
95.19 |
96.16 |
97.61 |
98.34 |
100.07 |
|
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