05.20.03
Top Day Recommendations
No economic releases today. Overnight, silver falls to its lowest level since 2010 and money continues to pour out of gold. Silver is down 28% for the year. God is down 19% for the year.
Better signs of economic activity in Japan has the Yen higher overnight. Interest rate futures are higher after being heavily sold last week. Wednesday looks like the focus for the week with testimony by the Fed Chairman as well as release of the minutes from the last Fed meeting will be released.
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Week of May 20 - May 24 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
May 22 |
07:00 |
MBA Mortgage Index |
05/18 |
|
NA |
NA |
-7.3% |
|
|
|
May 22 |
10:00 |
Existing Home Sales |
Apr |
|
5.05M |
4.98M |
4.92M |
|
|
|
May 22 |
10:00 |
Bernanke Testimony |
|
|
|
|
|
|
|
|
May 22 |
10:30 |
Crude Inventories |
05/18 |
|
NA |
NA |
- 0.624M |
|
|
|
May 22 |
14:00 |
FOMC Minutes |
5/1 |
|
|
|
|
|
|
|
May 23 |
08:30 |
Initial Claims |
05/18 |
|
350K |
348K |
360K |
|
|
|
May 23 |
08:30 |
Continuing Claims |
05/11 |
|
3015K |
3005K |
3009K |
|
|
|
May 23 |
09:00 |
FHFA Housing Price Index |
Mar |
|
NA |
NA |
0.7% |
|
|
|
May 23 |
10:00 |
New Home Sales |
Apr |
|
425K |
425K |
417K |
|
|
|
May 23 |
10:30 |
Natural Gas Inventories |
05/18 |
|
NA |
NA |
NA |
|
|
|
May 24 |
08:30 |
Durable Orders |
Apr |
|
-1.5% |
1.6% |
-6.9% |
-5.8% |
|
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 |
1606 |
1635 |
1652 |
1669 |
1679 |
1694 |
|
Jun Nasdaq |
U |
2937 |
2981 |
3004 |
3034 |
3049 |
3072 |
|
Jun JY |
D |
94.52 |
96.22 |
96.49 |
97.66 |
98.19 |
99.46 |
|
Jun EC |
D |
126.53 |
127.42 |
127.88 |
128.82 |
129.76 |
130.21 |
|
Jun 10 Year |
D |
130.29 |
131.12 |
131.18 |
132.10 |
132.13 |
132.31 |
|
Jun 30 Year |
D |
142.09 |
143.04 |
142.22 |
145.02 |
145.06 |
146.13 |
|
July Soybeans |
PRD( U) |
13.74 |
14.11 |
14.31 |
14.57 |
1467 |
14.86 |
|
July Corn |
D |
6.20 |
6.36 |
6.42 |
6.66 |
6.77 |
6.85 |
|
June Gold |
D |
1292 |
1325 |
1332 |
1386 |
1419 |
1481 |
|
July Silver |
D |
20.92 |
21.56 |
21.72 |
22.05 |
23.34 |
24.48 |
|
July Copper |
PRD( U) |
314 |
323 |
325 |
335 |
338 |
346 |
|
June Crude |
U |
90.54 |
93.28 |
95.05 |
96.71 |
97.60 |
99.18 |
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