04.23.13
Top Day Market News
Stocks are higher overnight as European stocks rose for the third consecutive day as a contraction in manufacturing prompted speculation that the ECB will lower interest rates to spur economic activity. Copper continues to grind lower and signs of Chinese economic contraction. The yen traded towards resistance at 101 60 before stalling. The EC is on signs of European contraction as is crude oil. The idea of a general economic slowdown is a positive for the bond market which is up 19 for the 30 year.
Economic calendar remains sparse with just the release of new home sales at 10 o’clock.
|
|
Week of April 22 - April 26 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Apr 22 |
10:00 |
Existing Home Sales |
Mar |
|
4.90M |
5.01M |
4.98M |
|
|
|
Apr 23 |
09:00 |
FHFA Housing Price Index |
Feb |
|
NA |
NA |
0.6% |
|
|
|
Apr 23 |
10:00 |
New Home Sales |
Mar |
|
415K |
415K |
411K |
|
|
|
Apr 24 |
07:00 |
MBA Mortgage Index |
04/20 |
|
NA |
NA |
4.8% |
|
|
|
Apr 24 |
08:30 |
Durable Orders |
Mar |
|
-4.0% |
-3.1% |
5.6% |
5.7% |
|
|
Apr 24 |
08:30 |
Durable Goods –ex transportation |
Mar |
|
-0.1% |
0.0% |
-0.7% |
-0.5% |
|
|
Apr 24 |
10:30 |
Crude Inventories |
04/20 |
|
NA |
NA |
- 1.233M |
|
|
|
Apr 25 |
08:30 |
Initial Claims |
04/20 |
|
355K |
351K |
352K |
|
|
|
Apr 25 |
08:30 |
Continuing Claims |
04/13 |
|
3060K |
3060K |
3068K |
|
|
Apr 25 |
10:30 |
Natural Gas Inventories |
04/20 |
|
NA |
NA |
31 bcf |
|
|
Apr 26 |
08:30 |
GDP-Adv. |
Q1 |
|
3.2% |
2.8% |
0.4% |
|
|
Apr 26 |
08:30 |
Chain Deflator-Adv. |
Q1 |
|
1.7% |
1.6% |
1.0% |
|
|
Apr 26 |
09:55 |
Michigan Sentiment - Final |
Apr |
|
73.5 |
72.4 |
72.3 |
|
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 |
1502 |
1525 |
1545.50 |
1563.75 |
1577 |
1606 |
|
Jun Nasdaq |
U |
2655 |
2713 |
2774.50 |
2816.25 |
2840 |
2909 |
|
Jun JY |
D |
98.06 |
99.27 |
100.15 |
101.55 |
102.76 |
105.04 |
|
Jun EC |
U |
128.91 |
129.78 |
129.87 |
130.95 |
131.80 |
132.95 |
|
Jun 10 Year |
U |
132.17 |
132.28 |
132.26 |
133.16 |
133.08 |
133.17 |
|
Jun 30 Year |
U |
146.16 |
148.10 |
147.18 |
149.06 |
148.25 |
149.14 |
|
July Soybeans |
PRD( D) |
13.27 |
13.55 |
13.55 |
13.77 |
14.05 |
14.27 |
|
July Corn |
U |
6.10 |
6.21 |
6.12 |
6.29 |
6.44 |
6.56 |
|
June Gold |
U |
1234 |
1320 |
1403.5 |
1438 |
1484 |
1581 |
|
July Silver |
D |
18.53 |
20.01 |
22.83 |
23.66 |
25.88 |
28.46 |
|
July Copper |
D |
298 |
303 |
305 |
318 |
337 |
350 |
|
June Crude |
D |
83.05 |
85.65 |
86.89 |
89.88 |
91.12 |
93.97 |
