5.23.2014
Top Day Market News
Canadian Core Consumer Price Index at 8:30 am and finally US New Home Sales at 10 will wrap up this week of slow eco data flow.
Business confidence in Germany falls and with it the EC to a three month low. The Krona also falls for the same reason. Meanwhile, the MSCI Russian stock basket has counterintuitively rallied 22% since the imposition of sanctions around March 17th after Russia annexed the Crimea. Russian stocks still down 8.5% for the year.
This is a getaway day ahead of the Memorial Day market holiday on Monday.
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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May 21 |
07:00 |
MBA Mortgage Index |
05/17 |
|
NA |
NA |
3.6% |
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|
May 21 |
10:30 |
Crude Inventories |
05/17 |
|
NA |
NA |
0.947M |
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|
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 |
|
June ES |
U |
1838 |
1856 |
1884 |
1895 |
1896 |
1917 |
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June Nasdaq |
PRD(U) |
3498 |
3541 |
3633 |
3661 |
3625 |
3666 |
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June Yen |
PRD(D) |
97.29 |
97.91 |
97.94 |
98.53 |
98.95 |
99.37 |
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June EC |
D |
135.74 |
136.38 |
136.19 |
136.76 |
137.65 |
138.33 |
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June 10 Year Note |
PRD(D) |
124.00 |
124.28 |
125.16 |
125.26 |
126.13 |
127.11 |
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June 30 Year Bond |
PRD(D) |
133.30 |
135.22 |
136.06 |
137.05 |
138.21 |
139.28 |
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July Soybeans |
PRD(U) |
14.38 |
14.51 |
15.022 |
15.36 |
14.97 |
15.03 |
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July Corn |
PRD(U) |
4.64 |
4.73 |
4.72 |
4.82 |
4.99 |
5.16 |
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June Gold |
D |
1261.7 |
1277 |
1282.40 |
1302.70 |
1308.7 |
1324.7 |
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July Silver |
D |
18.51 |
18.93 |
19.31 |
19.77 |
19.89 |
20.42 |
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July Copper |
U |
304 |
309.40 |
312.30 |
317.40 |
138.30 |
323.00 |
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July Crude |
U |
98.26 |
99.58 |
103.17 |
104.50 |
102.70 |
103.70 |
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