03.15.13
Top Day Market News
Consumer price index comes in at +0.7%. This is slightly higher than expected. Empire state manufacturing index comes in at 9.24% which is slightly below expectation. We also have y industrial production and capacity utilization at 9:15 AM and the University of Michigan consumer sentiment index at 9:55 AM. Stocks continue to grind higher in the grip of almost a self fulfilling prophecy. The market hasn’t had this many consecutive up sessions since 1991. Italy continues to flounder to establish a government. Mathematically it seems impossible to establish a consensus. There are four factions and one of them said they will not endorse any of the others unless that faction wins. Gold is trading with better tone based on modest dollar weakness. March emini S&P stopped trading at 8:30 AM this morning.
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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% |
|
|
|
|
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
|
|
|
Mar 13 |
10:30 |
Crude Inventories |
03/09 |
|
NA |
NA |
3.833M |
|
|
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 |
1545 |
1562 |
1559.5 0 |
1574 |
|
Jun Nasdaq
|
U |
2698 |
2749 |
2785 |
2815 |
2833 |
2867 |
|
Jun JY
|
D |
101.07 |
102.72 |
103.03 |
104.63 |
106.83 |
109.29 |
|
Jun EC
|
D |
128.51 |
129.70 |
129.35 |
131.12 |
131.07 |
132.11 |
|
Jun 10 Year
|
D |
128.23 |
129.15 |
130.06 |
130.21 |
131.15 |
132.24 |
|
Jun 30 Year
|
D |
137.21 |
139.10 |
140.26 |
141.23 |
143.25 |
146.19 |
|
May Soybeans
|
D |
14.12 |
14.41 |
14.26 |
14.59 |
14.92 |
15.13 |
|
May Corn
|
U |
6.685 |
6.86 |
7.10 |
7.19 |
7.16 |
7.30 |
|
June Gold
|
D |
1549 |
1563 |
1582 |
1598 |
1589 |
1600.2 |
|
May Silver
|
D |
27.91 |
28.43 |
28.57 |
29.18 |
29.37 |
29.78 |
|
May Copper
|
D |
345 |
348 |
351 |
357 |
354 |
357 |
|
April Crude
|
U |
88.37 |
90.12 |
92.27 |
94.10 |
92.82 |
93.77 |
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