06.14.13
Top Day Market News
The Producer Price Index comes in at +0.5%, a number which can be read several ways. His number did not have an immediate response by the markets except to trim, slightly the strength in the bond market.
Overnight, the FTSE, Dax and CAC were all better by .07, .39 and .18 while the Nikkei was better by 1.94%.
Yesterday’s biggest head fake, was the fact that the third treasury auction went badly just as badly as the second leg of the refunding but the bond market really motors higher into the close. The other chop and slop yesterday was of course the rollovers from June to September futures contracts. This created a lot of heat and little light.
We also get industrial production and capacity utilization at 9:15 AM and the University of Michigan’s consumer sentiment index which has suddenly become the focus of high frequency trading as certain traders have been able to buy the information ahead of its actual release thereby gaining a trading edge.
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Week of June 10 - June 14 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jun 11 |
10:00 |
Wholesale Inventories |
Apr |
|
0.2% |
0.2% |
0.4% |
|
|
|
Jun 12 |
07:00 |
MBA Mortgage Index |
06/08 |
|
NA |
NA |
-11.5% |
|
|
|
Jun 12 |
10:30 |
Crude Inventories |
06/08 |
|
NA |
NA |
-6.267M |
|
|
Jun 12 |
14:00 |
Treasury Budget |
May |
|
-$139.0B |
-$139.0B |
- $124.6B |
|
|
Jun 13 |
08:30 |
Initial Claims |
06/08 |
|
350K |
345K |
346K |
|
|
Jun 13 |
08:30 |
Continuing Claims |
06/01 |
|
2975K |
2973K |
2952K |
|
|
Jun 13 |
08:30 |
Retail Sales |
May |
|
0.1% |
0.3% |
0.1% |
|
|
Jun 13 |
08:30 |
Retail Sales ex-auto |
May |
|
0.1% |
0.3% |
-0.2% |
-0.1% |
|
Jun 13 |
08:30 |
Export Prices ex-ag. |
May |
|
NA |
NA |
-0.5% |
|
|
Jun 13 |
08:30 |
Import Prices ex-oil |
May |
|
NA |
NA |
-0.2% |
|
|
Jun 13 |
10:00 |
Business Inventories |
Apr |
|
0.2% |
0.2% |
0.0% |
|
|
Jun 13 |
10:30 |
Natural Gas Inventories |
06/08 |
|
NA |
NA |
111 bcf |
|
|
Jun 14 |
08:30 |
PPI |
May |
|
0.2% |
0.1% |
-0.7% |
|
|
Jun 14 |
08:30 |
Core PPI |
May |
|
0.2% |
0.1% |
0.1% |
|
|
Jun 14 |
08:30 |
Current Account Balance |
Q1 |
|
-$112.0B |
-$111.5B |
- $110.4B |
|
|
Jun 14 |
09:15 |
Industrial Production |
May |
|
0.1% |
0.1% |
-0.5% |
|
|
Jun 14 |
09:15 |
Capacity Utilization |
May |
|
77.9% |
77.8% |
77.8% |
|
|
Jun 14 |
09:55 |
Mich Sentiment |
Jun |
|
81.5 |
83.0 |
84.5 |
|
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 |
|
Sep ES
|
U |
1576 |
1608 |
1604 |
1645 |
1657 |
1676 |
|
Sep Nasdaq
|
U |
2871 |
2928 |
2938 |
2983 |
3024 |
3064 |
|
Sep JY
|
U |
96.40 |
99.52 |
104.28 |
106.69 |
105.52 |
108.40 |
|
Sep EC
|
U |
128.11 |
130.17 |
137.79 |
134.05 |
133.68 |
135.13 |
|
Sept 10 Year
|
D |
127..29 |
128.16 |
128.18 |
129.28 |
130.02 |
131.01 |
|
Sept 30 Year
|
D |
137.12 |
138.18 |
138.25 |
140.17 |
141.22 |
143.22 |
|
July Soybeans
|
U |
14.88 |
15.008 |
14.965 |
15.33 |
15.48 |
15.66 |
|
July Corn
|
U |
6.31 |
6.48 |
6.38 |
6.88 |
6.78 |
6.915 |
|
Aug Gold
|
D |
1348.7 |
1365 |
1369 |
1390.4 |
1412.7 |
1441.1 |
|
July Silver
|
D |
20.61 |
21.12 |
21.41 |
21.83 |
22.53 |
23.42 |
|
July Copper
|
D |
315 |
321 |
314 |
323 |
336 |
345 |
|
July Crude
|
U |
89.50 |
92.58 |
95.55 |
97.40 |
98.01 |
99.76 |
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