07-12-2013
Top Day Market News
There are those who think the latest rally doesn’t count somehow as it’s been artificially induced by the Fed and liquidity infusions. It’s probably better to just trade and not spend much time arguing over market valuations.
Today, we get the Producer Price Index, the core Producer Price Index and the Michigan consumer sentiment at 9:55 AM
PPI comes in at +0.8% while the core rate (minus those inelastic components of food and energy) comes in at +0.2%. Then we have the highly scrutinized University of Michigan consumer confidence index on the horizon which is been the subject recently of high-speed trading.
Temperatures seem to be moderating so enjoy the weekend.
|
|
Week of July 08 - July 12 |
||||||||
|
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 |
|
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 |
1661 |
1675 |
1642 |
1658 |
|
Sept Nasdaq |
U |
2865 |
2914 |
3025 |
3071.50 |
2991 |
3019 |
|
Sept Yen |
PRD(U) |
97.45 |
98.15 |
100.29 |
101.75 |
100.26 |
101.52 |
|
Sept EC |
PRD(U) |
126.33 |
127.3 |
129.03 |
132.06 |
130.07 |
131.81 |
|
Sept 10 Year |
D |
122.26 |
123.23 |
125.30 |
126.19 |
126.10 |
128.00 |
|
Sept 30 Year |
D |
129.05 |
130.29 |
133.20 |
134.26 |
135.20 |
13819 |
|
Nov Soybeans |
U |
12.06 |
12.17 |
12.77 |
12.99 |
12.49 |
12.70 |
|
Sept Corn |
U |
5.11 |
5.18 |
5.495 |
5.675 |
5.39 |
5.52 |
|
Aug Gold |
D |
1172 |
1197.20 |
1262.20 |
1297.30 |
1257.3 |
1292.20 |
|
Sept Silver |
U |
17.78 |
18.17 |
19.50 |
20.32 |
19.73 |
20.60 |
|
Sept Copper |
U |
294 |
301 |
311 |
322 |
315 |
324 |
