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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

Resource Pages | Friend Pages

Temperatures seem to be moderating so enjoy the weekend.

 

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