06.20.13
Top Day Market News
Well, just think if the Fed really stopped buying. One question is answered, with the props the show’s a dud. The Fed’s hint at a tapering of QE was enough to send yields to 20 month highs and strengthen the dollar against all counterparts. A contraction in Chinese manufacturing and a cash crunch was another negative influence that the market had to absorb. This has really hit gold.
Initial claims up 354K from 336K. This would be bond friendly and bonds need some friends this morning. Philly Fed and consumer confidence at 10. This ratchet in rates will hurt the housing sector.
|
|
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 |
|
|
|
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 |
1602 |
1641 |
1624 |
1668 |
|
Sep Nasdaq
|
U |
2836 |
2886 |
2923 |
2985 |
2991 |
3048 |
|
Sep JY
|
D |
98.56 |
120.31 |
101.69 |
105.08 |
108.22 |
110.38 |
|
Sep EC
|
U |
130.90 |
132.15 |
132.20 |
133.76 |
134.28 |
135.16 |
|
Sept 10 Year
|
D |
127.14 |
128.17 |
126.07 |
129.06 |
130.17 |
130.27 |
|
Sept 30 Year
|
D |
136.18 |
138.15 |
135.30 |
139.14 |
141.18 |
142.24 |
|
July Soybeans
|
U |
14.69 |
15.02 |
15.09 |
15.31 |
15.49 |
15.82 |
|
July Corn
|
U |
6.29 |
6.42 |
6.70 |
6.88 |
6.66 |
6.77 |
|
Aug Gold
|
D |
11353.2 |
1371.8 |
1338.40 |
1383.0 |
1401.7 |
1413 |
|
July Silver
|
D |
20.76 |
21.37 |
20.89 |
21.91 |
22.54 |
23.10 |
|
July Copper
|
D |
305 |
314 |
309 |
316 |
326 |
333 |
|
July Crude
|
U |
92.50 |
95.20 |
97.00 |
98.20 |
99.40 |
100.93 |
|
|
|
|
|
|
|
|
|