03.14.13
Top Day Recommendations
Weekly jobless claims come in at 332,000. This is the second lowest weekly reading of the year. The labor market seems to continue to improve despite political ineptitude. Bonds are under slight pressure ahead of the 30 year auction today. $13 billion in 30 year bonds will be auctioned at approximately 1 o’clock this afternoon. Yesterday is actually fairly well which caused a momentary spike higher which was immediately faded. Metals are lower as stocks grind higher. The producer price index comes in at +0.7%, as expected. Oil is under pressure due to increasing supplies against a static demand.
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Week of March 11 - March 15 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 12 |
14:00 |
Treasury Budget |
Feb |
|
-$205.0B |
-$205.0B |
- $237.7B |
|
|
|
Mar 13 |
07:00 |
MBA Mortgage Index |
03/09 |
|
NA |
NA |
14.8% |
|
|
|
Mar 13 |
08:30 |
Retail Sales |
Feb |
|
0.2% |
0.5% |
0.1% |
|
|
|
Mar 13 |
08:30 |
Retail Sales ex-auto |
Feb |
|
0.3% |
0.5% |
0.2% |
|
|
|
Mar 13 |
08:30 |
Export Prices ex-ag. |
Feb |
|
NA |
NA |
0.5% |
|
|
|
Mar 13 |
08:30 |
Import Prices ex-oil |
Feb |
|
NA |
NA |
0.2% |
|
|
|
Mar 13 |
10:00 |
Business Inventories |
Jan |
|
0.6% |
0.4% |
0.1% |
|
|
|
Mar 13 |
10:30 |
Crude Inventories |
03/09 |
|
NA |
NA |
3.833M |
|
|
|
|
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Mar 14 |
08:30 |
Initial Claims |
03/09 |
|
350K |
350K |
340K |
|
|
Mar 14 |
08:30 |
Continuing Claims |
03/02 |
|
3100K |
3103K |
3094K |
|
|
Mar 14 |
08:30 |
PPI |
Feb |
|
0.8% |
0.7% |
0.2% |
|
|
Mar 14 |
08:30 |
Core PPI |
Feb |
|
0.2% |
0.2% |
0.2% |
|
|
Mar 14 |
08:30 |
Current Account Balance |
Q4 |
|
-$112.0B |
-$112.3B |
- $107.5B |
|
|
Mar 14 |
10:30 |
Natural Gas Inventories |
03/09 |
|
NA |
NA |
-146 bcf |
|
|
Mar 15 |
08:30 |
CPI |
Feb |
|
0.6% |
0.5% |
0.0% |
|
|
Mar 15 |
08:30 |
Core CPI |
Feb |
|
0.2% |
0.2% |
0.3% |
|
|
Mar 15 |
08:30 |
Empire Manufacturing |
Mar |
|
5.0 |
6.5 |
10.0 |
|
|
Mar 15 |
09:00 |
Net Long-Term TIC Flows |
Jan |
|
NA |
NA |
$64.2B |
|
|
Mar 15 |
09:15 |
Industrial Production |
Feb |
|
0.6% |
0.4% |
-0.1% |
|
|
Mar 15 |
09:15 |
Capacity Utilization |
Feb |
|
79.8% |
79.4% |
79.1% |
|
|
Mar 15 |
09:55 |
Mich Sentiment |
Mar |
|
79.0 |
77.8 |
77.6 |
|
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 |
|
Jun ES |
U |
1492.50 |
1518.75 |
1544 |
1556 |
1559.5 0 |
1574 |
|
Jun Nasdaq
|
PRD(D) |
2698 |
2749 |
2782 |
2814 |
2833 |
2867 |
|
Jun J
|
D |
101.07 |
102.72 |
103.42 |
104.71 |
106.83 |
109.29 |
|
Jun EC
|
D |
128.51 |
129.70 |
128.48 |
130.51 |
131.07 |
132.11 |
|
Jun 10 Year |
D |
128.23 |
129.15 |
130.01 |
130.21 |
131.15 |
132.24 |
|
Jun 30 Year
|
D |
137.21 |
139.10 |
140.20 |
141.31 |
143.25 |
146.19 |
|
May Soybeans
|
D |
14.12 |
14.41 |
14.23 |
14.63 |
14.92 |
15.13 |
|
May Corn
|
U |
6.685 |
6.86 |
7.01 |
7.18 |
7.16 |
7.30 |
|
June Gold
|
D |
1549 |
1563 |
1579 |
1598 |
1589 |
1600.2 |
|
May Silver
|
D |
27.91 |
28.43 |
28.56 |
29.21 |
29.37 |
29.78 |
|
May Copper
|
D |
345 |
348 |
349 |
355 |
354 |
357 |
|
April Crude
|
U |
88.37 |
90.12 |
91.12 |
93.31 |
92.82 |
93.77 |
|
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