Free $25 Commodity Investor Kit

Includes : Charts, Market Information, Informative News Articles, Market Alerts, Exchange Brochures, Research, Managed Futures Information, and much more!!

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

Mandatory spending cuts plus higher taxes will trigger an economic slowdown.

Market News

02.21.13

Top Day Recommendations

Well almost as advertised yesterday was a range extension day. This morning, the core CPI came in higher than expected at +.3%. This number should remain hot with higher gasoline prices being factored in. Jobless claims were higher by 20,000 to 362,000. The EC is getting hit this morning on European economic performance, or lack of same. The fed statement yesterday with the release of last month’s minutes is being widely analyzed this morning. The increase in the payroll tax plus the prospect of the sequester on March 1 is the spanner in the works, however. With markets, perception is reality and the current perception is that mandatory spending cuts plus higher taxes will trigger an economic slowdown.

 

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

 

                   

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

 

 

 

 

 

 

 

 

 

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

1499

1522

1523

1529

Mar Nasdaq


U

2738

2749

2713

2774

2774

2793

Mar Yen


D

104.58

105.00

106.16

107.21

108.37

109.11

Mar EC


D

131.81

132.39

131.68

133.91

134.84

136.11

Mar 10 Year


D

130.21

131.03

131.08

131.26

131.27

132.06

Mar 30 Year


U

141.18

142.17

142.20

143.28

144.08

144.28

May Soybeans


U

13.80

14.02

14.58

14.79

14.54

14.72

May Corn


D

6.73

6.86

6.91

6.99

7.12

7.26

April Gold


D

1552

1581

1531

1605

1654

1699

May Silver


D

28.45

29.12

27.53

29.46

31.03

32.20

Mar Copper


D

367

371

354

365

377

380

April Crude


U

93.77

95.19

93.79

97.07

98.34

100.07

 

 

 

 

 

 

 

 

 News