3.18.2014
Top Day Market News
Markets were fairly quiet overnight. VP traded nicely hitting resistance and support levels. Speculative interest remains too long the dollar against the EC. The Royal Bank of Australia continues to state that their currency remains overvalued against historical measurement. Vladimir Putin supports the results of the Crimean referendum stressing its legality. The West continues to take the opposite side of the argument.
Today we get the Consumer Price Index at 8:30.
Other than that, markets are positioning in front of tomorrow’s Federal Open Market Committee meeting and their rate decision.
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|
Week of March 17 - March 21 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 17 |
08:30 |
Empire Manufacturing |
Mar |
|
2.0 |
5.4 |
4.5 |
|
|
|
Mar 17 |
09:00 |
Net Long-Term TIC Flows |
Jan |
|
NA |
NA |
- $45.9B |
|
|
|
Mar 17 |
09:15 |
Industrial Production |
Feb |
|
-0.1% |
0.1% |
-0.3% |
|
|
|
Mar 17 |
09:15 |
Capacity Utilization |
Feb |
|
78.4% |
78.5% |
78.5% |
|
|
|
Mar 17 |
10:00 |
NAHB Housing Market Index |
Mar |
|
50 |
50 |
46 |
|
|
|
Mar 18 |
08:30 |
Housing Starts |
Feb |
|
875K |
915K |
880K |
|
|
|
Mar 18 |
08:30 |
Building Permits |
Feb |
|
945K |
955K |
937K |
|
|
|
Mar |
08:30 |
CPI |
Feb |
|
0.2% |
0.2% |
0.1% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
18 |
|
|
|
|
|
|
|
|
|
Mar 18 |
08:30 |
Core CPI |
Feb |
|
0.1% |
0.1% |
0.1% |
|
|
Mar 19 |
07:00 |
MBA Mortgage Index |
03/15 |
|
NA |
NA |
-2.1% |
|
|
Mar 19 |
08:30 |
Current Account Balance |
Q4 |
|
-$88.0B |
-$87.6B |
- $94.8B |
|
|
Mar 19 |
10:30 |
Crude Inventories |
03/15 |
|
NA |
NA |
6.180M |
|
|
Mar 19 |
14:00 |
FOMC Rate Decision |
Mar |
|
0.25% |
0.25% |
0.25% |
|
|
Mar 20 |
08:30 |
Initial Claims |
03/15 |
|
330K |
330K |
315K |
|
|
Mar 20 |
08:30 |
Continuing Claims |
03/08 |
|
2900K |
2883K |
2855K |
|
|
Mar 20 |
10:00 |
Existing Home Sales |
Feb |
|
4.55M |
4.60M |
4.62M |
|
|
Mar 20 |
10:00 |
Philadelphia Fed |
Mar |
|
2.0 |
2.0 |
-6.3 |
|
|
Mar 20 |
10:00 |
Leading Indicators |
Feb |
|
0.2% |
0.3% |
0.3% |
|
|
Mar 20 |
10:30 |
Natural Gas Inventories |
03/15 |
|
NA |
NA |
-195 bcf |
|
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 |
1803.50 |
1818.0 |
1831 |
1863 |
1861.0 |
1889.00 |
|
June Nasdaq |
U |
|
3553 |
3584 |
3611 |
3682 |
3686 |
3756 |
|
June Yen |
U |
|
95.95 |
97.35 |
98.08 |
99.01 |
99.48 |
100.21 |
|
June EC |
U |
|
137.68 |
138.36 |
136.82 |
139.51 |
139.69 |
140.34 |
|
June 10 Year Note |
U |
|
122.25 |
12323 |
124.04 |
124.28 |
125.09 |
125.30 |
|
June 30 Year Bond |
U |
|
129.21 |
131.18 |
132.15 |
132.30 |
134.24 |
132.28 |
|
May Soybeans |
D |
13.125 |
13.50 |
13.79 |
14.07 |
14.41 |
14.94 |
|
May Corn |
U |
4.64 |
4.78 |
4.74 |
4.85 |
4.95 |
5.04 |
|
Aprl Gold |
U |
1305 |
1346 |
1346 |
1389 |
1404 |
1426 |
|
May Silver |
D |
20.10 |
20.78 |
20.83 |
21.57 |
21.96 |
22.47 |
|
May Copper |
PRD(U) |
280.50 |
287.50 |
292 |
299.30 |
304.50 |
214.50 |
|
April Crude |
D |
98.52 |
96.79 |
97.17 |
99.19 |
102.03 |
105.06 |
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