07-11-2013
Top Day Market News
Tapering isn’t tightening, or at least that seemed to be the message delivered by Fed Chairman Bernanke in his press conference after the release of the Federal Open Market Committee meeting yesterday. As the bulk of his comments came after the stock market close, there was a wild, knee jerk reaction in in the dollar and interest rates which both, basically staged a mini collapse.
Weekly jobless claims climb unexpectedly to a two month high and crude is actually lower on the day.
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Week of July 08 - July 12 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jul 08 |
15:00 |
Consumer Credit |
May |
|
NA |
NA |
$11.1B |
|
|
|
Jul 10 |
07:00 |
MBA Mortgage Index |
07/06 |
|
NA |
NA |
-11.7% |
|
|
|
Jul 10 |
10:00 |
Wholesale Inventories |
May |
|
NA |
NA |
0.2% |
|
|
|
Jul 10 |
10:30 |
Crude Inventories |
07/06 |
|
NA |
NA |
- 10.347M |
|
|
|
Jul 10 |
14:00 |
FOMC Minutes |
6/19 |
|
|
|
|
|
|
|
Jul 11 |
08:30 |
Initial Claims |
07/06 |
|
NA |
NA |
343K |
|
|
|
Jul 11 |
08:30 |
Continuing Claims |
06/29 |
|
NA |
NA |
2933K |
|
|
|
Jul 11 |
08:30 |
Export Prices ex-ag. |
Jun |
|
NA |
NA |
-0.7% |
|
|
|
Jul 11 |
08:30 |
Import Prices ex-oil |
Jun |
|
NA |
NA |
-0.3% |
|
|
|
Jul 11 |
10:30 |
Natural Gas Inventories |
07/06 |
|
NA |
NA |
72 bcf |
|
|
|
Jul 11 |
14:00 |
Treasury Budget |
Jun |
|
NA |
NA |
-$59.7B |
|
|
|
Jul 12 |
08:30 |
PPI |
Jun |
|
NA |
NA |
0.5% |
|
|
|
Jul 12 |
08:30 |
Core PPI |
Jun |
|
NA |
NA |
0.1% |
|
|
|
Jul 12 |
09:55 |
Mich Sentiment |
Jul |
|
NA |
NA |
51.6 |
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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 |
1580 |
1604 |
1641 |
1669 |
11642 |
1658 |
|
Sept Nasda q |
U |
2865 |
2914 |
2973 |
3030 |
2991 |
3019 |
|
Sept Yen |
D |
97.45 |
98.15 |
98.92 |
101.59 |
100.26 |
101.52 |
|
Sept EC |
D |
126.33 |
127.3 |
127.72 |
131.11 |
130.07 |
131.81 |
|
Sept 10 Year |
PRD(U) |
122.26 |
123.23 |
125.01 |
125.30 |
126.10 |
128.00 |
|
Sept 30 Year |
D |
129.05 |
130.29 |
132.13 |
134.19 |
135.20 |
13819 |
|
Nov Soybeans |
PRD(U) |
12.06 |
12.17 |
12.73 |
13.15 |
12.49 |
12.70 |
|
Sept Corn |
PRD(U) |
5.11 |
5.18 |
5.48 |
5.63 |
5.39 |
5.52 |
|
Aug Gold |
PRD(U) |
1172 |
1197.20 |
1237 |
1275 |
1257.3 |
1292.20 |
|
Sept Silver |
U |
17.78 |
18.17 |
18.92 |
19.78 |
19.73 |
20.60 |
|
Sept Copper |
U |
294 |
301 |
304 |
314 |
315 |
324 |
|
Aug Crude |
U |
93.51 |
98.57 |
104.93 |
107.38 |
106.18 |
108.73 |
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