06.24.13
Top Day Recommendations
No eco releases today. The market keyed off of continuing declines in the treasuries overnight. Bonds are trading at their lowest level since August 2011. Shanghai composite really got hit , down more than 5% overnight. FTSE down
1.33 and the Dax down by the same percentage while the CAC down by 2.05%. The idea that the Fed will taper caught more credence and the Chinese cash crunch continued to express itself in market action without evidence to the contrary.
|
|
Week of June 24 - June 28 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jun 25 |
08:30 |
Durable Orders |
May |
|
4.5% |
3.0% |
3.5% |
3.3% |
|
|
Jun 25 |
08:30 |
Durable Goods –ex transportation |
May |
|
-0.6% |
-0.5% |
1.5% |
1.3% |
|
|
Jun 25 |
09:00 |
Case-Shiller 20-city Index |
Apr |
|
10.5% |
10.5% |
10.9% |
|
|
|
Jun 25 |
09:00 |
FHFA Housing Price Index |
Apr |
|
NA |
NA |
1.3% |
|
|
|
Jun 25 |
10:00 |
Consumer Confidence |
Jun |
|
72.0 |
74.9 |
76.2 |
|
|
|
Jun 25 |
10:00 |
New Home Sales |
May |
|
470K |
460K |
454K |
|
|
|
Jun 26 |
07:00 |
MBA Mortgage Index |
06/22 |
|
NA |
NA |
-3.3% |
|
|
|
Jun 26 |
08:30 |
GDP - Third Estimate |
Q1 |
|
2.4% |
2.4% |
2.4% |
|
|
|
Jun 26 |
08:30 |
GDP Deflator - Third Estimate |
Q1 |
|
1.1% |
1.1% |
1.1% |
|
|
|
Jun 26 |
10:30 |
Crude Inventories |
06/22 |
|
NA |
NA |
0.313M |
|
|
|
Jun 27 |
08:30 |
Initial Claims |
06/22 |
|
345K |
345K |
354K |
|
|
|
Jun 27 |
08:30 |
Continuing Claims |
06/15 |
|
2975K |
2958K |
2951K |
|
|
Jun 27 |
08:30 |
Personal Income |
May |
|
0.1% |
0.2% |
0.0% |
|
|
Jun 27 |
08:30 |
Personal Spending |
May |
|
0.4% |
0.4% |
0.2% |
|
|
Jun 27 |
08:30 |
PCE Prices - Core |
May |
|
0.2% |
0.1% |
0.0% |
|
|
Jun 27 |
10:00 |
Pending Home Sales |
May |
|
1.5% |
1.5% |
0.3% |
|
|
Jun 27 |
10:30 |
Natural Gas Inventories |
06/22 |
|
NA |
NA |
91 bcf |
|
|
Jun 28 |
09:45 |
Chicago PMI |
Jun |
|
52.0 |
55.5 |
58.7 |
|
|
Jun 28 |
09:55 |
Michigan Sentiment - Final |
Jun |
|
81.0 |
82.6 |
82.7 |
|
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
|
D |
1522.50 |
1553.25 |
1507.50 |
1597 |
1631.50 |
1679.50 |
|
Sep Nasdaq
|
D |
2750 |
2807 |
2840 |
2894 |
2960 |
3056 |
|
Sep JY
|
D |
99.01 |
100.07 |
101.19 |
103.19 |
105.11 |
107.89 |
|
Sep EC
|
D |
129.04 |
130.25 |
130.80 |
132.36 |
133.45 |
135.44 |
|
Sept 10 Year
|
D |
123.19 |
124.28 |
125.00 |
127.02 |
128.21 |
131.03 |
|
Sept 30 Year
|
D |
130.11 |
131.25 |
133.04 |
136.11 |
138.31 |
142.28 |
|
July Soybeans
|
PRD( D) |
14.62 |
14.92 |
14.86 |
15.03 |
15.19 |
15.45 |
|
July Corn |
PRD( D) |
6.33 |
6.47 |
6.516 |
6.70 |
6.79 |
6.97 |
|
Aug Gold
|
D |
1196.50 |
1247 |
1273.20 |
1306.00 |
1369 |
1441 |
|
July Silver
|
D |
12.72 |
18.88 |
19.47 |
20.27 |
21.63 |
23.21 |
|
July Copper
|
D |
290 |
300 |
304 |
312 |
322 |
333 |
|
July Crude
|
D |
89.33 |
91.64 |
92.59 |
95.31 |
97.73 |
100.50 |
|
|
|
|
|
|
|
|
|