5.16.2014
Top Day Market News
Markets were quiet overnight, again. More of the cautionary signs mentioned since the beginning of the week came into play: an initial contraction of ranges led to range expansion to the downside, the fact that the Nasdaq couldn’t gain against the ES, a lack of conviction, etc. all augured for lower prices which were achieved as the week unfolded.
Bonds are up 13% on the year as European growth concerns continue and there is a lack of quality debt paper. At the same time, US jobless claims are at a seven year low.
Gold remains the barometer for Ukrainian tensions.
|
Week of May 12 - May 16 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 12 |
14:00 |
Treasury Budget |
Apr |
|
+$114.0B |
+$114.0B |
+$112.9B |
|
|
May 13 |
08:30 |
Retail Sales |
Apr |
|
0.0% |
0.3% |
1.2% |
1.1% |
|
May 13 |
08:30 |
Retail Sales ex-auto |
Apr |
|
0.2% |
0.6% |
0.7% |
|
|
May 13 |
08:30 |
Export Prices ex-ag. |
Apr |
|
NA |
NA |
0.5% |
|
|
May 13 |
08:30 |
Import Prices ex-oil |
Apr |
|
NA |
NA |
0.3% |
|
|
May 13 |
10:00 |
Business Inventories |
Mar |
|
0.4% |
0.4% |
0.4% |
|
|
May 14 |
07:00 |
MBA Mortgage Index |
05/10 |
|
NA |
NA |
5.3% |
|
|
May 14 |
08:30 |
PPI |
Apr |
|
0.2% |
0.2% |
0.5% |
|
|
May 14 |
08:30 |
Core PPI |
Apr |
|
0.2% |
0.2% |
0.6% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 14 |
10:30 |
Crude Inventories |
05/10 |
|
NA |
NA |
-1.781M |
|
|
May 15 |
08:30 |
Initial Claims |
05/10 |
|
325K |
325K |
319K |
|
|
May 15 |
08:30 |
Continuing Claims |
05/03 |
|
2700K |
2700K |
2685K |
|
|
May 15 |
08:30 |
CPI |
Apr |
|
0.2% |
0.3% |
0.2% |
|
|
May 15 |
08:30 |
Core CPI |
Apr |
|
0.2% |
0.2% |
0.2% |
|
|
May 15 |
08:30 |
Empire Manufacturing |
May |
|
5.0 |
4.8 |
1.3 |
|
|
May 15 |
09:00 |
Net Long-Term TIC Flows |
Mar |
|
NA |
NA |
$85.7B |
|
|
May 15 |
09:15 |
Industrial Production |
Apr |
|
-0.2% |
0.1% |
0.7% |
|
|
May 15 |
09:15 |
Capacity Utilization |
Apr |
|
79.0% |
79.2% |
79.2% |
|
|
May 15 |
10:00 |
Philadelphia Fed |
May |
|
10.0 |
9.1 |
16.6 |
|
|
May 15 |
10:00 |
NAHB Housing Market Index |
May |
|
48 |
48 |
47 |
|
|
May 15 |
10:30 |
Natural Gas Inventories |
05/10 |
|
NA |
NA |
74 bcf |
|
|
May 16 |
08:30 |
Housing Starts |
Apr |
|
950K |
975K |
946K |
|
|
May 16 |
08:30 |
Building Permits |
Apr |
|
1000K |
1000K |
990K |
|
|
May 16 |
09:55 |
Mich Sentiment |
May |
|
83.5 |
84.5 |
84.1 |
|
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 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 ES |
PRD(D) |
1841 |
1857 |
1859 |
1884 |
1881 |
1901 |
|
June Nasdaq |
D |
3444 |
3497 |
3533 |
3599 |
3603 |
3656 |
|
June Yen |
PRD(U) |
97.44 |
97.85 |
98.05 |
98.86 |
98.64 |
99.02 |
|
June EC |
PRD(U) |
135.77 |
136.11 |
136.62 |
137.48 |
139.21 |
140.07 |
|
June 10 |
U |
124.01 |
124.18 |
125.15 |
126.08 |
125.10 |
125.0 |
|
Year Note |
|
|
|
|
|
|
|
|
June 30 Year Bond |
U |
134.27 |
135.11 |
136.27 |
138.08 |
136.14 |
137.25 |
|
July Soybean |
D |
14.21 |
14.55 |
1287.20 |
1303.6 |
15.05 |
15.29 |
|
July Corn |
D |
4.84 |
4.95 |
19.17 |
19.73 |
5.21 |
5.34 |
|
June Gold |
D |
1265 |
1277.2 |
14.57 |
14.88 |
1308.5 |
1327 |
|
July Silver |
U |
18.60 |
18.89 |
4.78 |
4.93 |
19.62 |
20.05 |
|
July Copper |
U |
299 |
303.80 |
312 |
318 |
311.20 |
313.70 |
|
July Crude |
U |
92.77 |
98.90 |
100.72 |
101.04 |
101.17 |
102.31 |
|
|
|
|
|
|
|
|
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