03.27.13
Top Day Markets News
Cyprus is intending to open banks tomorrow. However, Euro zone confidence contracts sharply while Italian bond yields ratchet higher on political uncertainty. Trading conditions remain thin. US bonds are higher on this on a flight to quality. Gold is not acting as a safe haven which must be frustrating to a core group of investors.
Will US retail sales fall due to a contraction in domestic consumer confidence exacerbated by the increase in payroll taxes? How long will Cyprus remains in the EU? The currency controls it will have to impose to prevent an all-out run will have the oligarchs looking elsewhere.
Pending home sales at 10 while we get the oil inventory numbers at 10:30.
|
|
Week of March 25 - March 29 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 26 |
08:30 |
Durable Orders |
Feb |
|
5.0% |
3.8% |
-4.9% |
-5.2% |
|
|
Mar 26 |
08:30 |
Durable Goods –ex transportation |
Feb |
|
-0.5% |
-0.2% |
2.3% |
1.9% |
|
|
Mar 26 |
09:00 |
Case-Shiller 20-city Index |
Jan |
|
7.5% |
7.5% |
6.8% |
|
|
|
Mar 26 |
10:00 |
Consumer Confidence |
Mar |
|
65.0 |
66.9 |
69.0 |
|
|
|
Mar 26 |
10:00 |
New Home Sales |
Feb |
|
400K |
426K |
437K |
|
|
|
Mar 27 |
07:00 |
MBA Mortgage Index |
03/23 |
|
NA |
NA |
NA |
|
|
|
|
|||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Mar 27 |
10:00 |
Pending Home Sales |
Feb |
|
2.0% |
2.0% |
4.5% |
|
|
Mar 27 |
10:30 |
Crude Inventories |
03/23 |
|
NA |
NA |
- 1.314M |
|
|
Mar 28 |
08:30 |
Initial Claims |
03/23 |
|
335K |
338K |
336K |
|
|
Mar 28 |
08:30 |
Continuing Claims |
03/16 |
|
3050K |
3040K |
3053K |
|
|
Mar 28 |
08:30 |
GDP - Third Estimate |
Q4 |
|
0.3% |
0.3% |
0.1% |
|
|
Mar 28 |
08:30 |
GDP Deflator - Third Estimate |
Q4 |
|
0.9% |
0.9% |
0.9% |
|
|
Mar 28 |
09:45 |
Chicago PMI |
Mar |
|
55.0 |
56.5 |
56.8 |
|
|
Mar 28 |
10:30 |
Natural Gas Inventories |
03/23 |
|
NA |
NA |
-62 bcf |
|
|
Mar 29 |
08:30 |
Personal Income |
Feb |
|
0.9% |
0.8% |
-3.6% |
|
|
Mar 29 |
08:30 |
Personal Spending |
Feb |
|
0.6% |
0.6% |
0.2% |
|
|
Mar 29 |
08:30 |
PCE Prices - Core |
Feb |
|
0.2% |
0.1% |
0.1% |
|
|
Mar 29 |
09:55 |
Michigan Sentiment - Final |
Mar |
|
72.0 |
72.4 |
71.8 |
|
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 |
1520 |
1537 |
1549.75 |
1566.25 |
1563 |
1572 |
|
Jun Nasdaq
|
U |
2726 |
2763 |
2788 |
2815 |
2821 |
2843 |
|
Jun JY
|
U |
103.25 |
104.59 |
105.21 |
106.40 |
106.75 |
107.57 |
|
Jun EC
|
U |
127.87 |
128.90 |
128.03 |
128.97 |
130.58 |
131.21 |
|
Jun 10 Year
|
PRD( U) |
130.24 |
131.04 |
131.13 |
131.27 |
131.26 |
132.08 |
|
Jun 30 Year |
U |
141.21 |
142020 |
143.05 |
143.31 |
144.09 |
144.31 |
|
May Soybeans
|
D |
13.83 |
14.11 |
14.38 |
14.53 |
14.66 |
14.80 |
|
May Corn
|
U |
6.99 |
7.12 |
7.26 |
7.33 |
7.37 |
7.48 |