07-18-2013
Top Day Market News
Initial jobless claims come in down 24K to 334K which as a stand-alone is a stock market positive and a bond market negative but there are seasonal distortions in this release with the July 4th holiday. We still get Philly Fed later for business conditions there.
Interesting chart point as the nasdaq/es spread is back to levels not seen since last September. Be attentive. The market knows this as the Nasdaq is underperforming the ES this morning.
Beige book reflected some strength. Yet another day of Humphrey Hawkins testimony and the Fed Chairman. Mostly he just repeats what he said yesterday.
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Week of July 15 - July 19 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jul 15 |
08:30 |
Retail Sales |
Jun |
|
0.9% |
0.7% |
0.6% |
|
|
|
Jul 15 |
08:30 |
Retail Sales ex-auto |
Jun |
|
0.7% |
0.4% |
0.3% |
|
|
|
Jul 15 |
08:30 |
Empire Manufacturing |
Jul |
|
3.0 |
3.6 |
7.8 |
|
|
|
Jul 15 |
10:00 |
Business Inventories |
May |
|
-0.2% |
-0.1% |
0.3% |
|
|
|
Jul 16 |
08:30 |
CPI |
Jun |
|
0.3% |
0.3% |
0.1% |
|
|
|
Jul 16 |
08:30 |
Core CPI |
Jun |
|
0.2% |
0.2% |
0.2% |
|
|
|
Jul 16 |
09:00 |
Net Long-Term TIC Flows |
May |
|
NA |
NA |
-$37.3B |
|
|
|
Jul 16 |
09:15 |
Industrial Production |
Jun |
|
0.5% |
0.3% |
0.0% |
|
|
|
Jul 16 |
09:15 |
Capacity Utilization |
Jun |
|
77.9% |
77.7% |
77.6% |
|
|
|
Jul 16 |
10:00 |
NAHB Housing Market Index |
Jul |
|
49 |
51 |
52 |
|
|
|
Jul 17 |
07:00 |
MBA Mortgage Index |
07/13 |
|
NA |
NA |
-4.0% |
|
|
|
Jul 17 |
08:30 |
Housing Starts |
Jun |
|
925K |
958K |
914K |
|
|
|
Jul 17 |
08:30 |
Building Permits |
Jun |
|
975K |
1000K |
974K |
|
|
|
Jul 17 |
10:30 |
Crude Inventories |
07/13 |
|
NA |
NA |
- 9.874M |
|
|
|
Jul 17 |
14:00 |
Fed's Beige Book |
Jul |
|
NA |
NA |
NA |
|
|
|
Jul 18 |
08:30 |
Initial Claims |
07/13 |
|
345K |
348K |
360K |
|
|
|
Jul 18 |
08:30 |
Continuing Claims |
07/06 |
|
2960K |
2950K |
2977K |
|
|
|
Jul 18 |
10:00 |
Philadelphia Fed |
Jul |
|
3.0 |
5.3 |
12.5 |
|
|
|
Jul 18 |
10:00 |
Leading Indicators |
Jun |
|
0.2% |
0.3% |
0.1% |
|
|
|
Jul 18 |
10:30 |
Natural Gas Inventories |
07/13 |
|
NA |
NA |
82 bcf |
|
|
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 |
1608 |
1639 |
1667 |
1682 |
1697 |
1705 |
|
Sept Nasdaq |
U |
2906 |
2985 |
3067 |
3088 |
3107 |
3149 |
|
Sept Yen |
D |
97.07 |
98.53 |
99.56 |
100.94 |
105.51 |
103.65 |
|
Sept EC |
D |
125.13 |
128.05 |
130.72 |
131.71 |
132.05 |
134.67 |
|
Sept 10 Year |
D |
123.02 |
124.15 |
126.15 |
127.14 |
127.04 |
128.06 |
|
Sept 30 Year |
U |
130.23 |
132.10 |
134.20 |
135.31 |
1335.0 |
136.21 |
|
Nov Soybeans |
U |
11.87 |
12.22 |
12.61 |
12.92 |
12.94 |
13.31 |
|
Sept Corn |
U |
5.06 |
5.25 |
5.05 |
5.45 |
5.64 |
5.93 |
|
Aug Gold |
D |
1182 |
1232 |
1264 |
1295 |
1315 |
1347 |
|
Sept Silver |
U |
18.01 |
18.63 |
19.04 |
19.99 |
20.51 |
21.47 |
|
Sept Coppe r |
U |
295 |
305 |
309 |
318 |
322 |
330 |
|
Aug Crude |
U |
99.95 |
103.17 |
105.92 |
1070.00 |
108.42 |
110.59 |
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