05.15.13
Top Day Market News
Empire State Manufacturing out at 8:30. That came in showing a greater than expected decline of -1.43% Producer Price Index and Core Producer Price Index. PPI comes in down 0.7% with the core rate at +0.1%. Industrial Production and Capacity Utilization at 9:15. Crude inventories at 10:30
A busy day. Overnight, John Deere cuts projections due to a late spring. More deleveraging as the dollar continues its strength. Euro is at a six week low, crude at a two week low and gold is at a three week low while stocks surge higher and rates back up.
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Week of May 13 - May 17 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
May 13 |
08:30 |
Retail Sales |
Apr |
|
-0.7% |
-0.3% |
-0.4% |
|
|
|
May 13 |
08:30 |
Retail Sales ex-auto |
Apr |
|
-0.5% |
-0.2% |
-0.4% |
|
|
|
May 13 |
10:00 |
Business Inventories |
Mar |
|
0.4% |
0.3% |
0.1% |
|
|
|
May 14 |
08:30 |
Export Prices ex-ag. |
Apr |
|
NA |
NA |
-0.2% |
|
|
|
May 14 |
08:30 |
Import Prices ex-oil |
Apr |
|
NA |
NA |
-0.2% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 15 |
07:00 |
MBA Mortgage Index |
05/11 |
|
NA |
NA |
7.0% |
|
|
May 15 |
08:30 |
PPI |
Apr |
|
-0.5% |
-0.5% |
-0.6% |
|
|
May 15 |
08:30 |
Core PPI |
Apr |
|
0.2% |
0.1% |
0.2% |
|
|
May 15 |
08:30 |
Empire Manufacturing |
May |
|
1.0 |
3.5 |
3.1 |
|
|
May 15 |
09:00 |
Net Long-Term TIC Flows |
Mar |
|
NA |
NA |
- $17.8B |
|
|
May 15 |
09:15 |
Industrial Production |
Apr |
|
-0.5% |
-0.2% |
0.4% |
|
|
May 15 |
09:15 |
Capacity Utilization |
Apr |
|
78.0% |
78.3% |
78.5% |
|
|
May 15 |
10:00 |
NAHB Housing Market Index |
May |
|
43 |
44 |
42 |
|
|
May 15 |
10:30 |
Crude Inventories |
05/11 |
|
NA |
NA |
0.230M |
|
|
May 16 |
08:30 |
Initial Claims |
05/11 |
|
335K |
330K |
323K |
|
|
May 16 |
08:30 |
Continuing Claims |
05/04 |
|
3015K |
3005K |
3005K |
|
|
May 16 |
08:30 |
CPI |
Apr |
|
-0.2% |
-0.2% |
-0.2% |
|
|
May 16 |
08:30 |
Core CPI |
Apr |
|
0.2% |
0.2% |
0.1% |
|
|
May 16 |
08:30 |
Housing Starts |
Apr |
|
915K |
970K |
1036K |
|
|
May 16 |
08:30 |
Building Permits |
Apr |
|
950K |
950K |
902K |
|
|
May 16 |
10:00 |
Philadelphia Fed |
May |
|
2.0 |
2.5 |
1.3 |
|
|
May 16 |
10:30 |
Natural Gas Inventories |
05/11 |
|
NA |
NA |
88 bcf |
|
|
May 17 |
09:55 |
Mich Sentiment |
May |
|
79.0 |
78.5 |
76.4 |
|
|
May 17 |
10:00 |
Leading Indicators |
Apr |
|
0.3% |
0.3% |
-0.1% |
|
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 |
1598 |
1613 |
1633.50 |
1655 |
1638.50 |
1647 |
|
Jun Nasdaq |
U |
2921 |
2949 |
2979 |
3009.75 |
2991 |
3005 |
|
Jun JY |
D |
95.94 |
97.22 |
97.37 |
98.52 |
100.82 |
102.74 |
|
Jun EC |
D |
127.80 |
128.83 |
128.89 |
130.10 |
131.43 |
133.00 |
|
Jun 10 Year |
D |
131.06 |
131.27 |
131.05 |
132.02 |
132.24 |
133.13 |
|
Jun 30 Year |
D |
142.25 |
144.14 |
142.19 |
144.31 |
146.29 |
148.15 |
|
July Soybeans |
U |
13.41 |
13.70 |
14.04 |
14.25 |
14.23 |
14.48 |
|
July Corn |
U |
6.10 |
6.29 |
6.466 |
6..58 |
6.50 |
6.65 |
|
June Gold |
D |
1388 |
1417.5 |
1404.5 |
1439 |
1477.5 |
1507 |
|
July Silver |
D |
22.12 |
23.16 |
23.05 |
23.73 |
24.43 |
25.06 |
|
July Copper |
PRD( D) |
321 |
329 |
324 |
335 |
343 |
348 |
|
June Crude |
D |
91.97 |
94.08 |
93.48 |
95.79 |
97.84 |
99.49 |
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