6.18.12
Top Day Market News
Overnight, the Greek elections have probably produced a coalition government which buys them some time. Other developments weren’t quite as positive as Spanish 10 year bond yields rise to a new euro record of 7.13%. This in turn has made the dollar stronger and depressed commodity prices such as crude oil. The US calendar is light with just the housing index at 10:00.
June currency contracts expire this morning, so get out now or roll forward.
|
|
Week of June 18 - June 22 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jun 18 |
10:00 |
NAHB Housing Market Index |
Jun |
|
28 |
28 |
29 |
|
|
|
Jun 19 |
08:30 |
Housing Starts |
May |
|
710K |
719K |
717K |
|
|
|
Jun 19 |
08:30 |
Building Permits |
May |
|
720K |
725K |
715K |
|
|
|
Jun 20 |
07:00 |
MBA Mortgage Index |
06/16 |
|
NA |
NA |
18.0% |
|
|
|
Jun 20 |
10:30 |
Crude Inventories |
06/16 |
|
NA |
NA |
- 0.191M |
|
|
|
Jun 20 |
12:30 |
FOMC Rate Decision |
Jun |
|
0.25% |
0.25% |
0.25% |
|
|
|
Jun 21 |
08:30 |
Initial Claims |
06/16 |
|
380K |
380K |
386K |
|
|
|
Jun 21 |
08:30 |
Continuing Claims |
06/09 |
|
3250K |
3278K |
3278K |
|
|
|
Jun 21 |
10:00 |
Existing Home Sales |
May |
|
4.50M |
4.56M |
4.62M |
|
|
|
Jun 21 |
10:00 |
Philadelphia Fed |
Jun |
|
-3.5 |
-0.2 |
-5.8 |
|
|
|
Jun 21 |
10:00 |
Leading Indicators |
May |
|
0.0% |
0.0% |
-0.1% |
|
|
Jun 21 |
10:00 |
FHFA Housing Price Index |
Apr |
|
NA |
NA |
1.8% |
|
MARKET PLACE
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
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
U |
1280.50 |
1309.00 |
1328.50 |
1347.50 |
1354.0 0 |
1370.50 |
|
Sept Nasdaq |
U |
2462.50 |
2513.50 |
2542.50 |
2589.25 |
2606.2 5 |
2648.50 |
|
Sept Yen |
U |
124.68 |
125.88 |
125.19 |
127.65 |
127.78 |
128.48 |
|
Sept EC |
U |
123.51 |
124.94 |
125.93 |
127.20 |
127.28 |
128.19 |
|
Sept 10 Year |
D |
132.01 |
132.29 |
132.23 |
134.01 |
134.09 |
134.26 |
|
Sept 30 Year |
D |
145.22 |
127.22 |
148.00 |
150.08 |
150.27 |
152.00 |
|
Nov Soybeans |
U |
12.74 |
12.94 |
13.06 |
13.31 |
13.41 |
13.69 |
|
Sept Corn |
D |
4.82 |
4.95 |
5.03 |
5.32 |
5.365 |
5.637 |
|
Aug Gold |
U |
1562.7 |
1595.5 |
1612.90 |
1635.50 |
1648.2 |
1668.1 |
|
July Silver |
D |
27.70 |
28.19 |
28.34 |
28.80 |
29.14 |
29.59 |
|
July Copper |
PRD(U) |
326 |
333 |
335 |
344 |
341 |
349 |
|
Aug Crude |
U |
78.74 |
81.61 |
83.67 |
85.75 |
87.13 |
89.78 |
