06.25.13
Top Day Market News
Durable goods orders come in better than expected at 3.6%. We also get Case Shiller housing data at 9 and Consumer Confidence and New Home Sales at 10. Overnight, stocks trade higher and the durable goods number helps continue that momentum. Price action yesterday of note was the rebound in the Bond market from the lows. The market had fallen 7 ½ points from the highs, a considerable move. Consumer confidence is expected to be a bit lower from last month’s elevated reading. This is a high volatility period of time. The one way to navigate times like these is to reduce contract size.
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|
Week of June 24 - June 28 |
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|
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 |
1551 |
1583 |
1631.50 |
1679.50 |
|
Sep Nasdaq |
D |
2750 |
2807 |
2817 |
2870 |
2960 |
3056 |
|
Sep JY |
D |
99.01 |
100.07 |
101.51 |
103.11 |
105.11 |
107.89 |
|
Sep EC |
D |
129.04 |
130.25 |
130.80 |
131.65 |
133.45 |
135.44 |
|
Sept 10 Year |
D |
123.19 |
124.28 |
125.07 |
126.31 |
128.21 |
131.03 |
|
Sept 30 Year |
D |
130.11 |
131.25 |
133.18 |
136.13 |
138.31 |
142.28 |
|
July Soybeans |
D |
14.62 |
14.92 |
12.60 |
12.80 |
15.19 |
15.45 |
|
July Corn |
D |
6.33 |
6.47 |
5.75 |
5.84 |
6.79 |
6.97 |
|
Aug Gold |
D |
1196.50 |
1247 |
1267.90 |
1293.50 |
1369 |
1441 |
|
July Silver |
D |
12.72 |
18.88 |
19.19 |
19.98 |
21.63 |
23.21 |
|
July Copper |
D |
290 |
300 |
292 |
308 |
322 |
333 |
|
July Crude |
D |
89.33 |
91.64 |
93.37 |
96.29 |
97.73 |
100.50 |
