05.16.13
Top Day Market News
Initial jobless claims were higher by 32K while housing starts were lower by 16.5%. These are two bond friendly numbers. We also get the Philly Fed at 2 pm. Money continues to pour out of gold. Sugar remains under pressure on supply. Stocks continue to push higher. One thing to keep an eye on is the Nasdaq/ES spread. The Nasdaq should lead the correction, eventually.
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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% |
|
|
|
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% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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 |
1644.7 5 |
1661.75 |
1638.50 |
1647 |
|
Jun Nasdaq |
U |
2921 |
2949 |
2986.5 0 |
3011.50 |
2991 |
3005 |
|
Jun JY |
D |
95.94 |
97.22 |
97.31 |
98.19 |
100.82 |
102.74 |
|
Jun EC |
D |
127.80 |
128.83 |
122.89 |
129.33 |
131.43 |
133.00 |
|
Jun 10 Year |
D |
131.06 |
131.27 |
131.17 |
132.02 |
132.24 |
133.13 |
|
Jun 30 Year |
D |
142.25 |
144.14 |
143.19 |
144.22 |
146.29 |
148.15 |
|
July Soybeans |
PRD(D ) |
13.41 |
13.70 |
14.02 |
14.22 |
14.23 |
14.48 |
|
July Corn |
PRD(D )U |
6.10 |
6.29 |
6.43 |
6.58 |
6.50 |
6.65 |
|
June Gold |
D |
1388 |
1417.5 |
1378 |
1421 |
1477.5 |
1507 |
|
July Silver |
D |
22.12 |
23.16 |
22.25 |
23.25 |
24.43 |
25.06 |
|
July Copper |
D |
321 |
329 |
3.22 |
3.30 |
343 |
348 |
|
June Crude |
D |
91.97 |
94.08 |
92.80 |
95.11 |
97.84 |
99.49 |
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