Top Day Market News
5.14.12
No eco releases today. More of the same this morning. There is no functioning Geek government. There is another meeting at approximately 11:30 this morning to try and get one particularly recalcitrant politician to relent but this seems unlikely and new elections seem to be the next solution. The Euro is trading in an orderly fashion but it is at its lowest level in three months. The end game to all this seems as if Greece will withdraw from the EU but this could be eventually an EC positive. Of course, the situation with the London whale has only exacerbated the situation.
Week of May 14 - May 18
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
Forecast
|
Consensus
|
From
|
||||||
May |
08:30 |
Retail Sales |
Apr |
0.2% |
0.2% |
0.8% |
||
15 |
||||||||
May |
08:30 |
Retail Sales ex-auto |
Apr |
0.2% |
0.2% |
0.8% |
||
15 |
||||||||
May |
08:30 |
CPI |
Apr |
0.0% |
0.0% |
0.3% |
||
15 |
||||||||
May |
08:30 |
Core CPI |
Apr |
0.2% |
0.2% |
0.2% |
||
15 |
||||||||
May |
08:30 |
Empire Manufacturing |
May |
8.0 |
8.4 |
6.6 |
||
15 |
||||||||
May |
09:00 |
Net Long-Term TIC |
Mar |
NA |
NA |
$10.1B |
||
15 |
Flows |
|||||||
May |
10:00 |
Business Inventories |
Mar |
0.3% |
0.3% |
0.6% |
||
15 |
||||||||
May |
10:00 |
NAHB Housing |
May |
26 |
26 |
25 |
||
15 |
Market Index |
|||||||
May |
07:00 |
MBA Mortgage Index |
05/12 |
NA |
NA |
1.7% |
||
16 |
||||||||
May |
08:30 |
Housing Starts |
Apr |
675K |
680K |
654K |
||
16 |
||||||||
May
|
08:30
|
Building Permits |
Apr
|
725K
|
730K
|
747K
|
||
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
Forecast
|
Consensus
|
From
|
||||||
16 |
||||||||
May |
09:15 |
Industrial Production |
Apr |
0.4% |
0.5% |
0.0% |
||
16 |
||||||||
May |
09:15 |
Capacity Utilization |
Apr |
78.9% |
79.0% |
78.6% |
||
16 |
||||||||
May |
10:30 |
Crude Inventories |
05/12 |
NA |
NA |
3.652M |
||
16 |
||||||||
May |
14:00 |
FOMC Minutes |
4/25 |
|||||
16 |
||||||||
May |
08:30 |
Initial Claims |
05/12 |
365K |
365K |
367K |
||
17 |
||||||||
May |
08:30 |
Continuing Claims |
05/05 |
3250K |
3250K |
3229K |
||
17 |
||||||||
May |
10:00 |
Philadelphia Fed |
May |
10.0 |
8.8 |
8.5 |
||
17 |
||||||||
May |
10:00 |
Leading Indicators |
Apr |
0.1% |
0.2% |
0.3% |
||
17 |
||||||||
MARKET PLACE
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
|
D
|
1322.50
|
1336.00 |
1333.25
|
1360 |
1367 |
1384 |
ES
|
|||||||
June
|
D
|
2549
|
2579 |
2574
|
2634 |
2644 |
2679 |
Nasda
|
|||||||
q
|
|||||||
June
|
D
|
124.32
|
1247 |
124.83 |
125.45 |
125.81 |
126.40 |
Yen
|
|||||||
June
|
D
|
128.04
|
128.64 |
128.76 |
129.53 |
130.26 |
131.28 |
EC
|
|||||||
June
|
U
|
132.07
|
132.21 |
132.29
|
133.09 |
133.12 |
133.21 |
10
|
|||||||
Year
|
|||||||
June
|
U
|
142.31 |
144.01 |
144.25 |
145.17 |
145.23 |
146.11 |
30
|
|||||||
Year
|
|||||||
July
|
D
|
13.52 |
13.79 |
132.29 |
133.09 |
14.55 |
15.05 |
Soybea
|
|||||||
ns
|
|||||||
July
|
D
|
5.35 |
5.58 |
5.71 |
5.91 |
6.17 |
6.54 |
Corn
|
|||||||
June
|
D
|
1526 |
1553 |
1561 |
1595 |
1625 |
1670 |
Gold
|
|||||||
July
|
D
|
27.25 |
28.07 |
28.50 |
29.18 |
30.04 |
31.20 |
Silver
|
|||||||
July
|
D
|
358 |
361 |
358
|
368 |
368 |
371 |
Coppe
|
|||||||
r
|
|||||||
July
|
D
|
95.05 |
95.77 |
95.05
|
97.37 |
97.37 |
98.25 |
Crude
|
|||||||
