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You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Stocks rally 1% on Fed hopes.

Market News

06.17.13

Top Day Market News

Key to the week will be the two day Federal Open Market Committee Meeting which comes up with a rate decision on Wednesday and simultaneously offers it overview of the economy.

New York State Empire index comes in at +7.84% versus - 1.43% in May. The details of the report are quite as sparkling as the headline number, however.

The best guess is that the market will drift higher in front of the FOMC meeting, anticipating the best possible outcome.

 

Week of June 17 - June 21

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Jun 17

 

08:30

 

Empire Manufacturing

 

Jun

 

 

1.0

 

0.8

 

-1.4

 

 

Jun 17

 

10:00

 

NAHB Housing Market Index

 

Jun

 

 

45

 

45

 

44

 

 

Jun 18

 

08:30

 

CPI

 

May

 

 

0.3%

 

0.2%

 

-0.4%

 

 

Jun 18

 

08:30

 

Core CPI

 

May

 

 

0.1%

 

0.1%

 

0.1%

 

 

Jun 18

 

08:30

 

Housing Starts

 

May

 

 

925K

 

950K

 

853K

 

 

Jun 18

 

08:30

 

Building Permits

 

May

 

 

975K

 

983K

 

1017K

 

 

Jun 19

 

07:00

 

MBA Mortgage Index

 

06/15

 

 

NA

 

NA

 

5.0%

 

 

Jun 19

 

10:30

 

Crude Inventories

 

06/15

 

 

NA

 

NA

 

2.523M

 

 

 

                 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Jun 19

 

14:00

 

FOMC Rate Decision

 

Jun

 

 

0.25%

 

0.25%

 

0.25%

 

 

Jun 20

 

08:30

 

Initial Claims

 

06/15

 

 

345K

 

340K

 

334K

 

 

Jun 20

 

08:30

 

Continuing Claims

 

06/08

 

 

2975K

 

2967K

 

2973K

 

 

Jun 20

 

10:00

 

Existing Home Sales

 

May

 

 

4.95M

 

5.00M

 

4.97M

 

 

Jun 20

 

10:00

 

Philadelphia Fed

 

Jun

 

 

2.0

 

-0.2

 

-5.2

 

 

Jun 20

 

10:00

 

Leading Indicators

 

May

 

 

0.2%

 

0.2%

 

0.6%

 

 

Jun 20

 

10:30

Natural Gas Inventories

 

06/15

 

 

NA

 

NA

 

95 bcf

 

 

 

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

1566

1592

1612

1629

1624

1668

Sep Nasdaq

U

2836

2886

2926

2955

2991

3048

Sep JY

U

98.56

120.31

104.93

106.88

108.22

110.38

Sep EC

U

130.90

132.15

133.05

133.81

134.28

135.16

Sept 10 Year

PRD( U)

127.14

128.17

129.09

129.27

130.17

130.27

Sept 30 Year

PRD( U)

136.18

138.15

139.27

140.28

141.18

142.24

July Soybeans

U

14.69

15.02

17.98

15.23

15.49

15.82

July Corn

U

6.29

6.42

6.46

6.60

6.66

6.77

Aug Gold

D

11353.2

1371.8

1379

1393

1401.7

1413

July Silver

D

20.76

21.37

21.54

22.42

22.54

23.10

July Copper

D

305

314

318

323

326

333

 

 News