3.12.2014
Top Day Market News
The problem with the market is that Chinese mills can’t access financing due to a credit squeeze. This has resulted so far in one corporate bond default. This could lead to a domino effect. Copper continues under selling pressure overnight as distressed sales continue. Copper is at a four year low. Crude will reverse its intermediate trend with a lower close today. Crude stocks today at 10:30. Gold has a bid on haven demand. Yen crosses are higher on risk aversion.
|
|
Week of March 10 - March 14 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 11 |
10:00 |
Wholesale Inventories |
Jan |
|
0.3% |
0.4% |
0.3% |
|
|
|
Mar 11 |
10:00 |
JOLTS - Job Openings |
Jan |
|
NA |
NA |
3.990M |
|
|
|
Mar 12 |
07:00 |
MBA Mortgage Index |
03/08 |
|
NA |
NA |
9.4% |
|
|
|
Mar 12 |
10:30 |
Crude Inventories |
03/08 |
|
NA |
NA |
1.429M |
|
|
|
Mar 12 |
14:00 |
Treasury Budget |
Feb |
|
-$195B |
-$195B |
-$203.5B |
|
|
|
Mar 13 |
08:30 |
Initial Claims |
03/08 |
|
335K |
329K |
323K |
|
|
|
Mar 13 |
08:30 |
Continuing Claims |
03/01 |
|
2950K |
2925K |
2907K |
|
|
|
Mar 13 |
08:30 |
Retail Sales |
Feb |
|
0.2% |
0.2% |
-0.4% |
|
|
|
Mar 13 |
08:30 |
Retail Sales ex-auto |
Feb |
|
0.2% |
0.2% |
0.0% |
|
|
|
Mar 13 |
08:30 |
Export Prices ex-ag. |
Feb |
|
NA |
NA |
0.2% |
|
|
|
Mar 13 |
08:30 |
Import Prices ex-oil |
Feb |
|
NA |
NA |
0.3% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Mar 13 |
10:00 |
Business Inventories |
Jan |
|
0.3% |
0.3% |
0.5% |
|
|
Mar 13 |
10:30 |
Natural Gas Inventories |
03/08 |
|
NA |
NA |
-152 bcf |
|
|
Mar 14 |
08:30 |
PPI |
Feb |
|
0.2% |
0.2% |
0.2% |
|
|
Mar 14 |
08:30 |
Core PPI |
Feb |
|
0.1% |
0.1% |
0.2% |
|
|
Mar 14 |
09:55 |
Mich Sentiment |
Mar |
|
81.6 |
82.0 |
81.6 |
|
MARKET PLACE
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 |
|
|
June ES |
|
U |
1810 |
1843 |
1843 |
1870 |
1898 |
1920 |
|
June Nasdaq |
U |
|
3590 |
3647 |
3646 |
3709 |
3750 |
3797 |
|
June Yen |
D |
|
94.990 |
95.87 |
96.87 |
97.62 |
98.35 |
99.86 |
|
June EC |
PRD(D) |
136.27 |
137.49 |
138.13 |
139.87 |
139.53 |
140.35 |
|
|
June 10 Year Note |
PRD(U) |
122.04 |
122.27 |
123.18 |
124.07 |
124.23 |
125.28 |
|
|
June 30 Year Bond |
D |
|
128.17 |
12.29 |
131.04 |
131.28 |
133.08 |
135.11 |
|
May Soybean |
PRD(D) |
13.81 |
14.19 |
13.99 |
14.24 |
14.77 |
14.97 |
|
|
May Corn |
U |
|
4.46 |
4.67 |
4.72 |
4.87 |
5.06 |
5.23 |
|
Aprl Gold |
U |
|
1311 |
1325.7 |
1338 |
1361 |
1354.0 |
1368.00 |
|
May Silver |
D |
20.14 |
20.51 |
20.54 |
21.59 |
21.49 |
22.11 |
|
May Copper |
D |
297 |
303 |
286.90 |
302.50 |
318 |
329 |
|
April Crude |
PRD(D) |
97.59 |
100.14 |
97.97 |
100.92 |
105.23 |
107.77 |
|
|
|
|
|
|
|
|
|
