Top Day Market News
7.12.12
Yesterday’s tape action was fairly abysmal. The bulls were banking on the possibility of stimulus language in the communique of the FOMC minutes. Unfortunately, there wasn’t any. Overnight, the EC is at a fresh two year low. Without free money from the Fed, gold is lower as well. Yields on German short dated maturities are essentially negative at -0.029%. Employment in Australia came in less than expected. Yield on the 10 year is below 1.5%. The increase in gas and heating oil supplies yesterday would be accompanied by a decline in crude stocks, which it was. The key though is that the increase in product stocks really reflects a decline in demand which is a negative for the complex. Basically, world economies are contracting at a rate faster than central banks can manage.
Just initial and continuing claims today.
|
Week of July 09 - July 13 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 09 |
15:00 |
May |
|
$10.0B |
$9.5B |
$6.5B |
|
|
|
Jul 11 |
07:00 |
MBA Mortgage Index |
07/07 |
|
NA |
NA |
-6.7% |
|
|
Jul 11 |
08:30 |
|
May |
|
-$50.6B |
-$48.9B |
- $50.1B |
|
|
Jul 11 |
10:00 |
May |
|
0.2% |
0.3% |
0.6% |
|
|
|
Jul 11 |
10:30 |
Crude Inventories |
07/07 |
|
NA |
NA |
- 4.270M |
|
|
Jul 11 |
14:00 |
FOMC Minutes |
6/20 |
|
|
|
|
|
|
Jul 12 |
08:30 |
07/07 |
|
360K |
375K |
374K |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 12 |
08:30 |
06/30 |
|
3300K |
3300K |
3306K |
|
|
|
Jul 12 |
08:30 |
Jun |
|
NA |
NA |
-0.5% |
|
|
|
Jul 12 |
08:30 |
Jun |
|
NA |
NA |
-0.1% |
|
|
|
Jul 12 |
14:00 |
|
Jun |
|
NA |
NA |
- $43.1B |
|
|
Jul 13 |
08:30 |
Jun |
|
-0.8% |
-0.6% |
-1.0% |
|
|
|
Jul 13 |
08:30 |
Jun |
|
0.2% |
0.2% |
0.2% |
|
|
|
Jul 13 |
09:55 |
Jul |
|
72.0 |
73.5 |
73.2 |
|
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 |
1323.50 |
1337.50 |
1320.75 |
1343.25 |
1370.5 0 |
1389.00 |
|
Sept Nasdaq |
PRD(D) |
2553.00 |
2561 |
2539.00 |
2586.25 |
2646 |
2683 |
|
Sept Yen |
U |
124.28 |
124.97 |
125.22 |
126.27 |
126.29 |
126.92 |
|
Sept EC |
D |
120.01 |
121.42 |
122.00 |
122.86 |
125.53 |
128.23 |
|
Sept 10 Year |
U |
132.28 |
133.20 |
134.11 |
134.27 |
134.24 |
135.04 |
|
Sept 30 Year |
U |
147.00 |
148.14 |
150.15 |
151.25 |
150.22 |
151.16 |
|
Nov Soybeans |
D |
14.45 |
15.06 |
14.93 |
15.63 |
16.06 |
16.46 |
|
Sept Corn |
PRD(D) |
6.10 |
6.52 |
6.76 |
7.40 |
7.25 |
7.56 |
|
Aug Gold |
D |
1545.70 |
1564.30 |
1557 |
1584 |
1613.6 0 |
1644.30 |
|
Sept Silver |
D |
25.92 |
26.48 |
26.52 |
27.25 |
25.02 |
29.00 |
|
Sept Copper |
D |
330 |
336 |
336 |
347 |
351 |
360 |
|
Aug Crude |
U |
78.18 |
81.15 |
82.95 |
86.86 |
88.03 |
91.94 |
|
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|
|
|
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