6.24.2014
Top Day Recommendations
Big number of the day is Consumer Confidence which, if the number reflects recent trends, should be soft. I don’t know if this number will reflect recent events in Iraq. Oil has recently lost some of its fear premium while currency volatility, like stock volatility, remains very low. Some have now called the VIX a broken indicator but it’s doubtful that human nature and its cyclic behavior of fear, hope and greed has been removed from the collective DNA.
|
Week |
of June |
23 - June 27 |
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 23 |
10:00 |
Existing Home Sales |
May |
|
4.70M |
4.80M |
4.65M |
|
|
Jun 24 |
09:00 |
Case-Shiller 20-city Index |
Apr |
|
12.0% |
11.6% |
12.4% |
|
|
Jun 24 |
09:00 |
FHFA Housing Price Index |
Apr |
|
NA |
NA |
0.7% |
|
|
Jun 24 |
10:00 |
New Home Sales |
May |
|
425K |
440K |
433K |
|
|
Jun 24 |
10:00 |
Consumer Confidence |
Jun |
|
83.5 |
84.0 |
83.0 |
|
|
Jun 25 |
07:00 |
MBA Mortgage Index |
06/21 |
|
NA |
NA |
-9.2% |
|
|
Jun 25 |
08:30 |
Durable Orders |
May |
|
0.5% |
0.4% |
0.6% |
0.8% |
|
Jun 25 |
08:30 |
Durable Goods –ex transportation |
May |
|
0.5% |
0.4% |
0.3% |
0.1% |
|
Jun 25 |
08:30 |
GDP - Third Estimate |
Q1 |
|
-1.8% |
-1.8% |
-1.0% |
|
|
Jun 25 |
08:30 |
GDP Deflator - Third Estimate |
Q1 |
|
1.3% |
1.3% |
1.3% |
|
|
Jun 25 |
10:30 |
Crude Inventories |
06/21 |
|
NA |
NA |
- 0.579M |
|
|
Jun 26 |
08:30 |
Initial Claims |
06/21 |
|
315K |
310K |
312K |
|
|
Jun 26 |
08:30 |
Continuing Claims |
06/14 |
|
2575K |
2588K |
2561K |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 26 |
08:30 |
Personal Income |
May |
|
0.4% |
0.4% |
0.3% |
|
|
Jun 26 |
08:30 |
Personal Spending |
May |
|
0.3% |
0.4% |
-0.1% |
|
|
Jun 26 |
08:30 |
PCE Prices - Core |
May |
|
0.2% |
0.2% |
0.2% |
|
|
Jun 26 |
10:30 |
Natural Gas Inventories |
06/21 |
|
NA |
NA |
113 bcf |
|
|
Jun 27 |
09:55 |
Michigan Sentiment - Final |
Jun |
|
82.5 |
81.7 |
81.2 |
|
Numbers below 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
U |
1905 |
1929 |
1944.50 |
1958 |
1967 |
1980 |
|
Sept Nasdaq |
U |
3729 |
3761 |
3774 |
3806 |
3841 |
3855 |
|
Sept Yen |
U |
97.24 |
97.61 |
98.00 |
98.44 |
98.36 |
98.79 |
|
Sept EC |
D |
134.56 |
135.26 |
135.83 |
136.40 |
136.57 |
137.18 |
|
Sept 10 Year Note |
D |
123.09 |
123.25 |
124.04 |
124.20 |
124.27 |
125.06 |
|
Sept 30 Year Bond |
U |
132.23 |
134.17 |
135.03 |
136.09 |
136.08 |
137.05 |
|
Aug Soybeans |
D |
12.25 |
12.44 |
13.36 |
13.79 |
12.74 |
12.80 |
|
Sept Corn |
U |
4.25 |
4.36 |
4.29 |
4.48 |
4.54 |
4.60 |
|
Aug Gold |
U |
1234 |
1274 |
1313 |
1324 |
1338 |
1362 |
|
July Silver |
U |
18.93 |
19.92 |
20.84 |
21.15 |
21.45 |
22.00 |
|
July Copper |
U |
299 |
305 |
312 |
317 |
315.50 |
319.50 |
|
July Crude |
U |
104.40 |
105.50 |
104.90 |
107.00 |
107.31 |
108.00 |
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