04.24.13
Top Day Recommendations
Durable goods orders come in at -5.7%. Minus transportation, they are down 1.4%. The odd thing about the negative reading for the headline number is that it’s an exact mirror of the previous month where durable goods were +5.7%. On this, stocks are slightly lower, bonds are higher while crude oil backs off from exact resistance.
Yesterday, there was a mini flash crash as the AP twitter account was hacked disseminating false information regarding the White House and incendiary devices. It resulted in a one bar phenomena and if you weren’t there to see it you missed it.
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Week of April 22 - April 26 |
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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 |
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|
|
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% |
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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 |
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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
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|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Jun ES
|
U |
1502 |
1525 |
1556 |
1584 |
1577 |
1606 |
|
Jun Nasdaq
|
U |
2655 |
2713 |
2791 |
2849 |
2840 |
2909 |
|
Jun JY
|
D |
98.06 |
99.27 |
100.22 |
101.30 |
102.76 |
105.04 |
|
Jun EC
|
PRD( D) |
128.91 |
129.78 |
129.51 |
130.64 |
131.80 |
132.95 |
|
Jun 10 Year
|
U |
132.17 |
132.28 |
132.27 |
133.13 |
133.08 |
133.17 |
|
Jun 30 Year
|
U |
146.16 |
148.10 |
147.18 |
148.29 |
148.25 |
149.14 |
|
July Soybeans
|
D |
13.27 |
13.55 |
13.42 |
13.69 |
14.05 |
14.27 |
|
July Corn |
PRD( D) |
6.10 |
6.21 |
6.096 |
6.216 |
6.44 |
6.56 |
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June Gold
|
U |
1234 |
1320 |
1398 |
1444 |
1484 |
1581 |
|
July Silver
|
D |
18.53 |
20.01 |
22.50 |
23.33 |
25.88 |
28.46 |
|
July Copper
|
D |
298 |
303 |
306 |
318 |
337 |
350 |
|
June Crude
|
D |
83.05 |
85.65 |
88.12 |
89.92 |
91.12 |
93.97 |
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