02.26.13
Top Market News
New home sales and, as importantly, consumer confidence will be released at 10 AM. European stocks are lower as Italian borrowing costs rose in the wake of a confused election. Early results suggest that Italy’s election will lead to a divided parliament. Yesterday provided the worst performance for the year for equities. Oil fell to a seven week low on the idea that inventories are higher than ever. US crude inventories are probably 2.5 million barrels higher than last week and are at the highest level since July 20. Iran has been adopting a more cooperative attitude in talks with the United States and its partners about Iran’s nuclear industry. The market is anxiously awaiting testimony by the Fed Chairman. It’s anticipated that he will allay fears that quantitative easing is imminently about to be withdrawn.
|
|
Week of February 25 - March 01 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Feb 26 |
09:00 |
Case-Shiller 20-cityIndex |
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% |
|
|
|
|
|||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
