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Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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GDP comes in +0.1%.

Market News

02.28.13

Top Day Market News

GDP comes in +0.1%. The Price aspect of the number is a bit on the hot side. Initial jobless claims down 22K. This reflects a drop in government spending. The chart below reflects the current run at all-time highs. Actually this will be the third time at these levels since the year 2000. The monthly unemployment report will be delayed until next Friday even though tomorrow is the first of the month. The greatest probability of this chart that you’re watching unfold is that we make a new high then fail as the market reflects and bakes in disappointing earnings. Of course there is a certain feeling of quiet dread in front of the implementation of sequestration. This is to go into effect tomorrow and should reduce the federal budget by 2% with cuts phased in incrementally. A common feeling is that budget cuts are needed just not these cuts this way.

 

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-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

1497

1537

1531

1548

Mar Nasdaq


U

2653

2694

2709

2764

2781

2827

Mar Yen


D

105.34

106.60

107.19

109.32

107.87

108.68

Mar EC


D

129.65

130.73

130.64

131.71

133.63

135.45

Mar 10 Year


PRD(D)

130.27

131.12

144.21

146.20

132.06

132.16

Mar 30 Year


PRD(D)

141.29

142.30

14.28

14.50

144.20

145.09

May Soybeans


D

13.77

14.10

6.923

9.987

14.88

15.29

May Corn


U

6.72

6.78

1586.5

1609.5

6.96

7.06

April Gold


D

1520

1550

28.75

29.32

1614

1679

May Silver


D

27.20

27.98

1586.1

1619

29.87

30.97

May Copper


D

340

345

355

360

370

384

April Crude


U

89.38

91.37

92.17

93.36

96.42

99.48

 

 

 

 

 

 

 

 

 News