2.20.2014
Top Day Market News
The dollar finally caught a bid after the release of the Federal Open Market Committee meeting minutes.
Yesterday’s other key feature was the massive move of natural gas. Even though the East coast is starting to warm up, natural gas stocks are now 27% below the 5 year average due to the drawdown of supply that’s occurred during this very harsh winter.
Gold and silver finally saw some profit taking as the dollar strengthened. Last night saw the release of a lower than expected Chinese Purchasing Manager’s Index. It came in at 48.3 versus an expected 49.5 and this immediately sent the Aussie dollar lower. The Nikkei was down 2.19% last night and this sent the Yen higher.
Today we get the delayed oil inventory numbers as well as continuing jobless claims, the Consumer Price Index, Philly Fed and Leading Economic Indicators.
Oil continues to be torqued by the expiration of March crude futures.
|
|
Week of February 17 - February 21 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Feb 18 |
08:30 |
Empire Manufacturing |
Feb |
|
10.0 |
7.5 |
12.5 |
|
|
|
Feb 18 |
09:00 |
Net Long-Term TIC Flows |
Dec |
|
NA |
NA |
- $29.3B |
|
|
Feb 18 |
10:00 |
NAHB Housing Market Index |
Feb |
|
54 |
56 |
56 |
|
|
Feb 19 |
07:00 |
MBA Mortgage Index |
02/15 |
|
NA |
NA |
-2.0% |
|
|
Feb 19 |
08:30 |
Housing Starts |
Jan |
|
925K |
964K |
999K |
|
|
Feb 19 |
08:30 |
Building Permits |
Jan |
|
975K |
980K |
986K |
|
|
Feb 19 |
08:30 |
PPI |
Jan |
|
0.3% |
0.2% |
0.4% |
|
|
Feb 19 |
08:30 |
Core PPI |
Jan |
|
0.2% |
0.1% |
0.3% |
|
|
Feb 19 |
14:00 |
FOMC Minutes |
1/29 |
|
|
|
|
|
|
Feb 20 |
08:30 |
Initial Claims |
02/15 |
|
335K |
335K |
339K |
|
|
Feb 20 |
08:30 |
Continuing Claims |
02/08 |
|
2975K |
2973K |
2953K |
|
|
Feb 20 |
08:30 |
CPI |
Jan |
|
0.2% |
0.1% |
0.3% |
|
|
Feb 20 |
08:30 |
Core CPI |
Jan |
|
0.2% |
0.1% |
0.1% |
|
|
Feb 20 |
10:00 |
Philadelphia Fed |
Feb |
|
8.0 |
7.4 |
9.4 |
|
|
Feb 20 |
10:00 |
Leading Indicators |
Jan |
|
0.4% |
0.4% |
0.1% |
|
|
Feb 20 |
10:30 |
Natural Gas Inventories |
02/15 |
|
NA |
NA |
-237bcf |
|
|
Feb 20 |
11:00 |
Crude Inventories |
02/15 |
|
NA |
NA |
3.267M |
|
|
Feb 21 |
10:00 |
Existing Home Sales |
Jan |
|
4.75M |
4.70M |
4.87M |
|
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 |
1767 |
1800 |
1810 |
1838 |
1853 |
1872 |
|
Mar Nasdaq |
U |
3509 |
3585 |
3626 |
3624 |
3702 |
3744 |
|
Mar Yen |
U |
96.91 |
97.57 |
97.47 |
98.51 |
98.53 |
99.06 |
|
Mar EC |
U |
135.05 |
136.02 |
137.21 |
137.95 |
137.56 |
138.13 |
|
Mar 10 Year Note |
D |
124.19 |
125.03 |
125.16 |
126.04 |
126.04 |
126.20 |
|
Mar 30 Year Bond |
D |
131.11 |
132.04 |
132.18 |
133.21 |
133.15 |
134.07 |
|
Mar Soybean |
U |
12.58 |
12.95 |
13.46 |
13.67 |
13.51 |
13.70 |
|
Mar Corn |
U |
4.27 |
4.35 |
4.49 |
4.56 |
1.49 |
4.55 |
|
Aprl Gold |
U |
1244.9 |
1281.9 |
1303 |
1331 |
1338 |
1358 |
|
March Silver |
U |
19.38 |
20.43 |
21.14 |
22.08 |
22.01 |
22.53 |
|
March Copper |
U |
318 |
322 |
324.90 |
330.50 |
328 |
331 |
|
April Crude |
U |
97.66 |
98.93 |
101.36 |
103.43 |
101.13 |
102.05 |
|
|
|
|
|
|
|
|
|
