2.28.2014
Top Day Market News
Last night, Japanese CPI came in at 1.4% and household spending came in stronger than expected while Japanese Industrial Production came in at 4.0% versus an expectation of 2.8%.
Yesterday, Janet Yellen basically repeated her previous Humphrey Hawkins testimony. China continues to guide the Yuan lower. Many expect that China’s Purchasing Manager’s Index could slip to 50.1.
Bonds surprised by drifting ever higher even as housing numbers were better than expected as were Durable Goods orders.
Today we get the second estimate of GDP, Chicago Purchasing managers’ Index and University of Michigan Consumer sentiment numbers.
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Week of February 24 - February 28 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Feb 25 |
09:00 |
Case-Shiller 20-city Index |
Dec |
|
12.0% |
13.6% |
13.7% |
|
|
|
Feb 25 |
09:00 |
FHFA Housing Price Index |
Dec |
|
NA |
NA |
0.1% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Feb 25 |
10:00 |
Consumer Confidence |
Feb |
|
81.0 |
80.8 |
80.7 |
|
|
Feb 26 |
07:00 |
MBA Mortgage Index |
02/22 |
|
NA |
NA |
-4.1% |
|
|
Feb 26 |
10:00 |
New Home Sales |
Jan |
|
400K |
400K |
414K |
|
|
Feb 26 |
10:30 |
Crude Inventories |
02/22 |
|
NA |
NA |
0.973M |
|
|
Feb 27 |
08:30 |
Initial Claims |
02/22 |
|
335K |
335K |
336K |
|
|
Feb 27 |
08:30 |
Continuing Claims |
02/15 |
|
2975K |
2975K |
2981K |
|
|
Feb 27 |
08:30 |
Durable Orders |
Jan |
|
-0.2% |
-1.1% |
-4.2% |
-4.3% |
|
Feb 27 |
08:30 |
Durable Goods –ex transportation |
Jan |
|
-0.6% |
-0.3% |
-1.3% |
-1.6% |
|
Feb 27 |
10:30 |
Natural Gas Inventories |
02/22 |
|
NA |
NA |
-250 bcf |
|
|
Feb 28 |
08:30 |
GDP - Second Estimate |
Q4 |
|
2.4% |
2.6% |
3.2% |
|
|
Feb 28 |
08:30 |
GDP Deflator - Second Estimate |
Q4 |
|
1.3% |
1.3% |
1.3% |
|
|
Feb 28 |
09:45 |
Chicago PMI |
Feb |
|
55.0 |
56.0 |
59.6 |
|
|
Feb 28 |
09:55 |
Michigan Sentiment - Final |
Feb |
|
82.0 |
81.5 |
81.2 |
|
|
Feb 28 |
10:00 |
Pending Home Sales |
Jan |
|
-1.0% |
0.8 |
-8.7% |
|
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 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 |
1804 |
1819 |
1839 |
1862 |
1846 |
1859 |
|
Mar Nasdaq |
U |
|
3614 |
3639 |
3672 |
3718 |
3682 |
3711 |
|
Mar Yen |
U |
|
96.41 |
96.98 |
97.03 |
98.66 |
98.38 |
99.21 |
|
Mar EC |
U |
|
136.36 |
136.91 |
136.60 |
137.44 |
137.84 |
138.25 |
|
Mar 10 Year Note |
U |
124.22 |
125.05 |
126.08 |
126.19 |
126.05 |
126.28 |
|
Mar 30 Year Bond |
U |
131.19 |
132.11 |
133.26 |
135.06 |
133.28 |
134.21 |
|
May Soybean |
U |
13.22 |
13.41 |
13.74 |
14.27 |
13.83 |
13.96 |
|
May Corn |
U |
4.39 |
4.46 |
4.506 |
4.606 |
4.58 |
4.63 |
|
Aprl Gold |
U |
1296 |
1311 |
1325 |
1337 |
1336 |
1347 |
|
May Silver |
U |
21.10 |
21.49 |
20.81 |
21.55 |
22.14 |
22.42 |
|
May Copper |
D |
319 |
322 |
317 |
321.50 |
330 |
334 |
|
April Crude |
U |
98.04 |
100.47 |
101.10 |
103.07 |
103.71 |
105.12 |
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