6.28.13
Top Day Market News
Today is a fairly light eco release day with just Chicago Purchasing Manager’s Index at 9:45 and the final estimate of Michigan Consumer Sentiment at 9:55.
Overnight, the Nikkei was up by 3.5%. With the recent rallies in stocks, the market is in an overbought situation. In order window dressing is probably already occurred. The comments yesterday from Federal Reserve Gov. Dudley were dovish and supportive for bonds. Going into the opening the market is breaking lower as yields back up. The market will be sensitive to the University of Michigan consumer sentiment index. The yen remains under pressure. It looks like short EC, long yen positions are being unwound.
Enjoy the weekend.
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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 |
3.6% |
4.5% |
3.0% |
3.6% |
3.5% |
|
|
Jun 25 |
08:30 |
Durable Goods –ex transportation |
May |
0.7% |
-0.6% |
-0.5% |
1.7% |
1.5% |
|
|
Jun 25 |
09:00 |
Case-Shiller 20-city Index |
Apr |
12.1% |
10.5% |
10.5% |
10.9% |
|
|
|
Jun 25 |
09:00 |
FHFA Housing Price Index |
Apr |
0.7% |
NA |
NA |
1.5% |
1.3% |
|
|
Jun 25 |
10:00 |
Consumer Confidence |
Jun |
81.4 |
72.0 |
75.0 |
74.3 |
76.2 |
|
|
Jun 25 |
10:00 |
New Home Sales |
May |
476K |
470K |
460K |
466K |
454K |
|
|
Jun 26 |
07:00 |
MBA Mortgage Index |
06/22 |
-3.0% |
NA |
NA |
-3.3% |
|
|
Jun 26 |
08:30 |
GDP - Third Estimate |
Q1 |
1.8% |
2.4% |
2.4% |
2.4% |
|
|
Jun 26 |
08:30 |
GDP Deflator - Third Estimate |
Q1 |
1.2% |
1.1% |
1.1% |
1.1% |
|
|
Jun 26 |
10:30 |
Crude Inventories |
06/22 |
0.018M |
NA |
NA |
0.313M |
|
|
Jun 27 |
08:30 |
Initial Claims |
06/22 |
346K |
345K |
345K |
355K |
354K |
|
Jun 27 |
08:30 |
Continuing Claims |
06/15 |
2965K |
2975K |
2958K |
2966K |
2951K |
|
Jun 27 |
08:30 |
Personal Income |
May |
0.5% |
0.1% |
0.2% |
0.1% |
0.0% |
|
Jun 27 |
08:30 |
Personal Spending |
May |
0.3% |
0.4% |
0.4% |
-0.3% |
-0.2% |
|
Jun 27 |
08:30 |
PCE Prices - Core |
May |
0.1% |
0.2% |
0.1% |
0.0% |
|
|
Jun 27 |
10:00 |
Pending Home Sales |
May |
6.7% |
1.5% |
1.5% |
-0.5% |
0.3% |
|
Jun 27 |
10:30 |
Natural Gas Inventories |
06/22 |
95 bcf |
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 |
82.7 |
82.7 |
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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 |
1294.25 |
1310.50 |
1596 |
1624 |
1350.0 0 |
1373.25 |
|
Sept Nasdaq
|
U |
2503.00 |
2538.50 |
2881 |
2936 |
2618.2 5 |
2663.25 |
|
Sept Yen
|
D |
122.42 |
123.43 |
100.84 |
102.32 |
126.25 |
128.06 |
|
Sept EC
|
D |
123.88 |
124.80 |
130.16 |
130.74 |
127.11 |
128.50 |
|
Sept 10 Year |
PRD(U) |
132.04 |
132.18 |
126.06 |
127.06 |
133.22 |
134.1 |
|
Sept 30 Year
|
PRD(U) |
146.02 |
147.02 |
134.27 |
136.24 |
149.22 |
151.10 |
|
Nov Soybeans
|
D |
13.38 |
13.90 |
12.69 |
12.83 |
14.79 |
15.16 |
|
Sept Corn
|
D |
4.86 |
5.18 |
5.69 |
5.75 |
5.77 |
6.03 |
|
Aug Gold
|
D |
1512.9 |
1543 |
1180.40 |
1238.50 |
1618 |
1664 |
|
Sept Silver
|
D |
25.00 |
25.94 |
18.28 |
19.72 |
28.44 |
30.01 |
|
Sept Copper
|
D |
312 |
322 |
301 |
309 |
344 |
357 |
|
Aug Crude
|
U |
72.87 |
76.51 |
95.79 |
98.66 |
84.84 |
89.53 |
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