5.22.2014
Top Day Markets News
The main feature of yesterday was the release of the Federal Reserve minutes. They reflected that the Fed continues to monitor inflation but doesn’t see much to monitor. This enabled stocks to lift. Overnight, the Chinese Purchasing Managers index at least stabilized. This slow data week continues with the usual weekly jobless claims number and then Leading Economic Indicators at 10.
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
May 21 |
07:00 |
MBA Mortgage Index |
05/17 |
|
NA |
NA |
3.6% |
|
|
|
May 21 |
10:30 |
Crude Inventories |
05/17 |
|
NA |
NA |
0.947M |
|
|
|
May 21 |
14:00 |
FOMC Minutes |
4/30 |
|
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|
|
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May 22 |
08:30 |
Initial Claims |
05/17 |
|
320K |
305K |
297K |
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May 22 |
08:30 |
Continuing Claims |
05/12 |
|
2700K |
2700K |
2667K |
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May 22 |
10:00 |
|
Existing Home Sales |
Apr |
|
4.62M |
4.66M |
4.59M |
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May 22 |
10:00 |
Leading Indicators |
Apr |
|
0.3% |
0.5% |
0.8% |
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May 22 |
10:30 |
Natural Gas Inventories |
05/17 |
|
NA |
NA |
105 bcf |
|
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|
May 23 |
10:00 |
New Home Sales |
Apr |
|
400K |
415K |
384K |
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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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
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June ES |
|
U |
1838 |
1856 |
1872 |
1892 |
1896 |
1917 |
|
June Nasdaq |
D |
|
3498 |
3541 |
3605 |
3648 |
3625 |
3666 |
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June Yen |
U |
|
97.29 |
97.91 |
98.28 |
99.08 |
98.95 |
99.37 |
|
June EC |
D |
|
135.74 |
136.38 |
136.32 |
137.22 |
137.65 |
138.33 |
|
June 10 Year Note |
U |
124.00 |
124.28 |
125.17 |
126.03 |
126.13 |
127.11 |
|
June 30 Year Bond |
U |
133.30 |
135.22 |
136.07 |
137.09 |
138.21 |
139.28 |
|
July Soybeans |
D |
14.38 |
14.51 |
14.79 |
15.33 |
14.97 |
15.03 |
|
July Corn |
D |
4.64 |
4.73 |
4.72 |
4.77 |
4.99 |
5.16 |
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June Gold |
D |
1261.7 |
1277 |
1281.90 |
1302.00 |
1308.7 |
1324.7 |
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July Silver |
D |
18.51 |
18.93 |
19.23 |
19.60 |
19.89 |
20.42 |
|
July Copper |
PRD(D) |
304 |
309.40 |
309.90 |
315.00 |
138.30 |
323.00 |
|
July Crude |
U |
98.26 |
99.58 |
101.67 |
103.70 |
102.70 |
103.70 |
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