3.24.2014
Top Day Market News
No economic releases today, at least for the US. Overnight, China’s manufacturing index slipped for the fifth consecutive month. Aussie dollar initially fell on the news. The Yen was lower in front of an expected BOJ speech calling for more stimulus to at least partially offset an expected tax increase that’s scheduled to go into effect at the end of next week.
Last Friday provided yet another example of the power of expirations. The March S+P rallied right into 9:30 am when it was priced its final time. The bell rang and that was the high for the day. Orchestration at its best.
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Week of March 24 - March 28 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 25 |
09:00 |
Case-Shiller 20-city Index |
Jan |
|
13.5% |
13.3% |
13.4% |
|
|
|
Mar 25 |
09:00 |
FHFA Housing Price Index |
Jan |
|
NA |
NA |
0.8% |
|
|
|
Mar 25 |
10:00 |
Consumer Confidence |
Mar |
|
77.8 |
78.2 |
78.1 |
|
|
|
Mar 25 |
10:00 |
New Home Sales |
Feb |
|
430K |
445K |
468K |
|
|
|
Mar 26 |
07:00 |
MBA Mortgage Index |
03/22 |
|
NA |
NA |
-1.2% |
|
|
|
Mar 26 |
08:30 |
Durable Orders |
Feb |
|
1.0% |
1.0% |
-1.0% |
|
|
|
Mar 26 |
08:30 |
Durable Goods –ex transportation |
Feb |
|
0.3% |
0.3% |
-1.1% |
|
|
|
Mar 26 |
10:30 |
Crude Inventories |
03/22 |
|
NA |
NA |
5.850M |
|
|
|
Mar 27 |
08:30 |
Initial Claims |
03/22 |
|
330K |
330K |
320K |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Mar 27 |
08:30 |
Continuing Claims |
03/15 |
|
2900K |
2900K |
2889K |
|
|
Mar 27 |
08:30 |
GDP - Third Estimate |
Q4 |
|
2.6% |
2.6% |
2.4% |
|
|
Mar 27 |
08:30 |
GDP Deflator - Third Estimate |
Q4 |
|
1.6% |
1.6% |
1.6% |
|
|
Mar 27 |
10:00 |
Pending Home Sales |
Feb |
|
-0.2% |
-0.2% |
0.1% |
|
|
Mar 27 |
10:30 |
Natural Gas Inventories |
03/22 |
|
NA |
NA |
-48 bcf |
|
|
Mar 28 |
08:30 |
Personal Income |
Feb |
|
0.0% |
0.2% |
0.3% |
|
|
Mar 28 |
08:30 |
Personal Spending |
Feb |
|
0.2% |
0.3% |
0.4% |
|
|
Mar 28 |
08:30 |
PCE Prices - Core |
Feb |
|
0.1% |
0.1% |
0.1% |
|
|
Mar 28 |
09:55 |
Michigan Sentiment - Final |
Mar |
|
79.5 |
80.0 |
79.9 |
|
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 |
1799 |
1828 |
1849 |
1870 |
1880 |
1905 |
|
June Nasdaq |
U |
|
3541 |
3592 |
3610 |
3689 |
3723 |
3753 |
|
June Yen |
U |
|
96.64 |
97.25 |
97.50 |
98.07 |
98.68 |
99.42 |
|
June EC |
U |
|
136.28 |
137.10 |
137.67 |
138.12 |
139.10 |
140.20 |
|
June 10 Year Note |
D |
|
122.01 |
122.21 |
123.04 |
123.22 |
124.12 |
125.10 |
|
June 30 Year Bond |
D |
|
130.29 |
131.23 |
132.25 |
133.10 |
133.19 |
134.18 |
|
May Soybean |
U |
|
13.32 |
13.79 |
13.86 |
14.27 |
14.51 |
14.94 |
|
May Corn |
U |
4.66 |
4.72 |
4.76 |
4.83 |
4.88 |
4.98 |
|
Aprl Gold |
D |
1277.50 |
1306 |
1321 |
1346 |
1377 |
1421 |
|
May Silver |
D |
19.18 |
19.73 |
20.06 |
20.50 |
21.24 |
22.20 |
|
May Copper |
U |
282 |
288 |
286.50 |
298.00 |
300.50 |
306 |
|
May Crude |
D |
96.58 |
97.61 |
98.39 |
100.39 |
100.86 |
102.18 |
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