02.25.13
Top Market News
Overnight the idea that the Bank of Japan may appoint a governor who is very pro-stimulus helped to lift markets overnight. Also, the Chicago Mercantile exchange is said to have approached the Deutsche Boerse in an offer to acquire that exchange. Metals are rebounding from oversold levels. The Italian elections are still awaiting results from this weekend. No major economic releases today. Gold has tested outside resistance of 1595 even before the opening. The market is anticipating testimony from Fed Chairman Bernanke later in the week to determine the resolve of continuing quantitative easing.
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Week of February 25 - March 01 |
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Date |
ET |
Release |
For |
|
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Feb 26 |
09:00 |
Case-Shiller 20-city Index |
Dec |
|
6.0% |
6.5% |
5.5% |
|
|
|
Feb 26 |
09:00 |
FHFA Housing Price Index |
Dec |
|
NA |
NA |
0.6% |
|
|
|
Feb 26 |
10:00 |
New Home Sales |
Jan |
|
375K |
385K |
369K |
|
|
|
Feb 26 |
10:00 |
Consumer Confidence |
Feb |
|
62.5 |
62.0 |
58.6 |
|
|
|
Feb 27 |
07:00 |
MBA Mortgage Index |
02/23 |
|
NA |
NA |
-1.7% |
|
|
|
Feb 27 |
08:30 |
Durable Orders |
Jan |
|
-5.0% |
-4.0% |
4.3% |
4.6% |
|
|
Feb 27 |
08:30 |
Durable Goods –ex transportation |
Jan |
|
-0.5% |
0.2% |
1.0% |
1.3% |
|
|
Feb 27 |
10:00 |
Pending Home Sales |
Jan |
|
1.0% |
1.0% |
-4.3% |
|
|
|
Feb 27 |
10:30 |
Crude Inventories |
02/23 |
|
NA |
NA |
4.143M |
|
|
|
Feb 28 |
08:30 |
Initial Claims |
02/23 |
|
365K |
360K |
362K |
|
|
Feb 28 |
08:30 |
Continuing Claims |
02/16 |
|
3150K |
3150K |
3148K |
|
|
Feb 28 |
08:30 |
GDP - Second Estimate |
Q4 |
|
0.1% |
0.5% |
-0.1% |
|
|
Feb 28 |
08:30 |
GDP Deflator - Second Estimate |
Q4 |
|
0.6% |
0.6% |
0.6% |
|
|
Feb 28 |
09:45 |
Chicago PMI |
Feb |
|
54.0 |
54.0 |
55.6 |
|
|
Feb 28 |
10:30 |
Natural Gas Inventories |
02/23 |
|
NA |
NA |
-127 bcf |
|
|
Mar 01 |
08:30 |
Personal Income |
Jan |
|
-2.4% |
-2.4% |
2.6% |
|
|
Mar 01 |
08:30 |
Personal Spending |
Jan |
|
0.1% |
0.2% |
0.2% |
|
|
Mar 01 |
08:30 |
PCE Prices - Core |
Jan |
|
0.2% |
0.2% |
0.0% |
|
|
Mar 01 |
09:55 |
Michigan Sentiment - Final |
Feb |
|
75.0 |
76.3 |
76.3 |
|
|
Mar 01 |
10:00 |
ISM Index |
Feb |
|
52.0 |
52.4 |
53.1 |
|
|
Mar 01 |
10:00 |
Construction Spending |
Jan |
|
0.2% |
0.5% |
0.9% |
|
|
Mar 01 |
14:00 |
Auto Sales |
Feb |
|
NA |
NA |
5.6M |
|
|
Mar 01 |
14:00 |
Truck Sales |
Feb |
|
NA |
NA |
6.5M |
|
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 |
1478 |
1496 |
1506 |
1523.50 |
1531 |
1548 |
|
Mar Nasdaq |
U |
2653 |
2694 |
2720 |
2745 |
2781 |
2827 |
|
Mar Yen |
D |
105.34 |
106.60 |
106.49 |
107.49 |
107.87 |
108.68 |
|
Mar EC |
D |
129.65 |
130.73 |
131.36 |
132.36 |
133.63 |
135.45 |
|
Mar 10 Year |
U |
130.27 |
131.12 |
131.15 |
132.01 |
132.06 |
132.16 |
|
Mar 30 Year |
U |
141.29 |
142.30 |
143.07 |
144.09 |
144.20 |
145.09 |
|
May Soybeans |
U |
13.77 |
14.10 |
1585 |
1594 |
14.88 |
15.29 |
|
May Corn |
D |
6.72 |
6.78 |
28.28 |
29.18 |
6.96 |
7.06 |
|
April Gold |
D |
1520 |
1550 |
1585 |
1594 |
1614 |
1679 |
|
May Silver |
D |
27.20 |
27.98 |
28.28 |
29.18 |
29.87 |
30.97 |
|
May Copper |
D |
340 |
345 |
352 |
359 |
370 |
384 |
|
April Crude |
U |
89.38 |
91.37 |
92.55 |
93.59 |
96.42 |
99.48 |
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