05.17.03
Top Day Market News
University of Michigan consumer confidence at 9:55 and then the release of Leading Economic Indicators at 10 round out the week. The week has had a consistent theme: a stronger dollar and a move out of metals. Dollar strength is coming from the perception that the Fed will taper its asset sales as early as this summer. The only market bucking the dollar strength is oil which may pull of an intermediate trend reversal today.
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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 |
1643 |
1655 |
1638.50 |
1647 |
|
Jun Nasdaq |
U |
2921 |
2949 |
2988 |
3012 |
2991 |
3005 |
|
Jun JY |
D |
95.94 |
97.22 |
97.51 |
98.34 |
100.82 |
102.74 |
|
Jun EC |
D |
127.80 |
128.83 |
128.12 |
129.44 |
131.43 |
133.00 |
|
Jun 10 Year |
PRD( U) |
131.06 |
131.27 |
131.30 |
132.24 |
132.24 |
133.13 |
|
Jun 30 Year |
PRD( U) |
142.25 |
144.14 |
144.12 |
146.01 |
146.29 |
148.15 |
|
July Soybeans |
U |
13.41 |
13.70 |
14.13 |
14.45 |
14.23 |
14.48 |
|
July Corn |
D |
6.10 |
6.29 |
6.37 |
6.48 |
6.50 |
6.65 |
|
June Gold |
D |
1388 |
1417.5 |
1354.9 |
1399 |
1477.5 |
1507 |
|
July Silver |
D |
22.12 |
23.16 |
22.22 |
22.93 |
24.43 |
25.06 |
|
July Copper |
D |
321 |
329 |
324 |
332 |
343 |
348 |
|
June Crude |
PRD( U) |
91.97 |
94.08 |
93.73 |
96.07 |
97.84 |
99.49 |
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