4.10.2014
Top Day Market News
The equity market went into over-drive yesterday after the release of the FOMC minutes. Previously, Fed Chairman Janet Yellen in congressional testimony indicated the taper would be over sometime this Fall, there would be an intervening six month time period and then short term rates would be expected to rise. Yesterday, there was no delineation of a time line along the lines of the Yellen suggestion and the market interpreted this to mean the Fed would continue to come down on the side of accommodation for an indefinite time period and the specter of rising rates could be kicked down the road. The dollar was weak across the board and risk assets were aggressively bought with the exception of silver and copper.
Still working through new computer issues but should be solved today.
|
Week of April 07 - April 11 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Apr 07 |
15:00 |
Consumer Credit |
Feb |
|
$13.5B |
$14.3B |
$13.7B |
|
|
Apr 08 |
10:00 |
JOLTS - Job Openings |
Feb |
|
NA |
NA |
3.974M |
|
|
Apr 09 |
07:00 |
MBA Mortgage Index |
04/05 |
|
NA |
NA |
-1.2% |
|
|
Apr 09 |
10:00 |
Wholesale Inventories |
Feb |
|
0.6% |
0.5% |
0.6% |
|
|
Apr 09 |
10:30 |
Crude Inventories |
04/05 |
|
NA |
NA |
-2.379M |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Apr 09 |
14:00 |
FOMC Minutes |
3/19 |
|
|
|
|
|
|
Apr 10 |
08:30 |
Initial Claims |
04/05 |
|
325K |
325K |
326K |
|
|
Apr 10 |
08:30 |
Continuing Claims |
03/29 |
|
2850K |
2843K |
2836K |
|
|
Apr 10 |
08:30 |
Export Prices ex-ag. |
Mar |
|
NA |
NA |
0.6% |
|
|
Apr 10 |
08:30 |
Import Prices ex-oil |
Mar |
|
NA |
NA |
-0.2% |
|
|
Apr 10 |
10:30 |
Natural Gas Inventories |
04/05 |
|
NA |
NA |
-74 bcf |
|
|
Apr 10 |
14:00 |
Treasury Budget |
Mar |
|
NA |
NA |
-$106.5B |
|
|
Apr 11 |
08:30 |
PPI |
Mar |
|
0.1% |
0.1% |
-0.1% |
|
|
Apr 11 |
08:30 |
Core PPI |
Mar |
|
0.1% |
0.1% |
-0.2% |
|
|
Apr 11 |
09:55 |
Mich Sentiment |
Apr |
|
81.0 |
81.0 |
80.0 |
|
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 |
1832 |
1833 |
1850 |
1872 |
1884 |
1907 |
|
June Nasdaq |
PRD(U) |
3431 |
3486 |
3456 |
3614 |
3633 |
3724 |
|
|
June Yen |
U |
|
95.39 |
96.14 |
98.13 |
98.61 |
97.48 |
98.07 |
|
June EC |
U |
|
135.80 |
136.40 |
137.98 |
138.80 |
137.89 |
138.78 |
|
June 10 Year Note |
U |
|
122.11 |
123.00 |
123.27 |
124.19 |
124.08 |
124.12 |
|
June 30 Year Bond |
U |
|
130.28 |
131.30 |
133.05 |
133.22 |
133.24 |
134.16 |
|
May Soybean |
U |
13.91 |
14.32 |
14.80 |
15.01 |
15..05 |
15.37 |
|
May Corn |
U |
4.50 |
4.80 |
4.85 |
5.11 |
5.17 |
5.33 |
|
June Gold |
D |
1265 |
1283 |
1299.50 |
1321 |
1314 |
1326 |
|
May Silver |
D |
19.34 |
19.68 |
19.54 |
20.009 |
20.24 |
20.53 |
|
May Copper |
U |
297 |
300 |
301 |
306 |
306.0 |
310.20 |
|
May Crude |
PRD(U) |
92.52 |
99.29 |
102.39 |
104.13 |
102.40 |
103.74 |
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