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.
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Week of February 18 - February 22 |
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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 |
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|
|
|
|
|
Feb 21 |
08:30 |
Initial Claims |
02/16 |
|
365K |
358K |
341K |
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|
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 |
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