Top Day Market News
7.19.12
This morning, weekly unemployment claims come in at +386K, a negative. Plant closings in the auto sector was a factor as was seasonal and heat influences. The auto industry is not losing jobs however.
Philly Fed at 10 and Leading Economic Indicators as well. Philly Fed was a seriously negative number last month. Traders are looking for a revision or a confirmation.
Oil is higher after a terrorist bombing in Bulgaria against a busload of Jewish tourists is blamed on Iran. There has been a fear of Israel taking a preemptive action against Iran’s nuclear program.
Canadian dollar is at two month high helping to lift metals. Bonds are lower on higher equities. Earnings have been better than expected, generally.
$32 million dollars’ worth of silver is recovered from a World War II ship wreck.
|
Week of July 16 - July 20 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 16 |
08:30 |
Jun |
|
0.4% |
0.2% |
-0.2% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 16 |
08:30 |
Jun |
|
0.2% |
0.1% |
-0.4% |
|
|
|
Jul 16 |
08:30 |
Empire Manufacturing |
Jul |
|
0.0 |
3.8 |
2.3 |
|
|
Jul 16 |
10:00 |
May |
|
0.2% |
0.2% |
0.4% |
|
|
|
Jul 17 |
08:30 |
Jun |
|
0.1% |
0.1% |
-0.3% |
|
|
|
Jul 17 |
08:30 |
Jun |
|
0.2% |
0.2% |
0.2% |
|
|
|
Jul 17 |
09:00 |
Net Long-Term TIC Flows |
May |
|
NA |
NA |
$25.6B |
|
|
Jul 17 |
09:15 |
Jun |
|
0.0% |
0.3% |
-0.1% |
|
|
|
Jul 17 |
09:15 |
Jun |
|
79.0% |
79.2% |
79.0% |
|
|
|
Jul 17 |
10:00 |
NAHB Housing Market Index |
Jul |
|
30 |
30 |
29 |
|
|
Jul 18 |
07:00 |
MBA Mortgage Index |
07/14 |
|
NA |
NA |
-2.1% |
|
|
Jul 18 |
08:30 |
Jun |
|
715K |
743K |
708K |
|
|
|
Jul 18 |
08:30 |
Jun |
|
765K |
765K |
780K |
|
|
|
Jul 18 |
10:30 |
Crude Inventories |
07/14 |
|
NA |
NA |
- 4.696M |
|
|
Jul 18 |
14:00 |
Fed's Beige Book |
Jun |
|
|
|
|
|
|
Jul 19 |
08:30 |
07/14 |
|
360K |
365K |
350K |
|
|
|
Jul 19 |
08:30 |
07/07 |
|
3300K |
3300K |
3304K |
|
|
|
Jul 19 |
10:00 |
Jun |
|
4.65M |
4.65M |
4.55 |
|
|
|
Jul 19 |
10:00 |
Jul |
|
-13.0 |
-10.0 |
-16.6 |
|
|
|
Jul 19 |
10:00 |
Jun |
|
-0.2% |
-0.2% |
0.3% |
|
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 |
1306 |
1329 |
1356.50 |
1381.00 |
1365.5 0 |
1380.00 |
|
Sept Nasdaq |
PRD(U) |
2464 |
2520.50 |
2588.50 |
2660.00 |
2629.5 0 |
2682.00 |
|
Sept Yen
|
U |
124.50 |
125.37 |
126.59 |
127.46 |
126.88 |
127.52 |
|
Sept EC
|
U |
120.88 |
121.66 |
122.25 |
123.61 |
123.40 |
124.29 |
|
Sept 10 Year
|
U |
134.00 |
134.08 |
134.10 |
135.01 |
134.27 |
135.06 |
|
Sept 30 Year
|
U |
148.29 |
150.01 |
150.13 |
151.20 |
152.03 |
153.01 |
|
Nov Soybeans
|
U |
14.74 |
15.13 |
15.90 |
16.52 |
15.83 |
16.14 |
|
Sept Corn
|
U |
6.614 |
7.01 |
7.73 |
8.18 |
7.64 |
7.884 |
|
Aug Gold
|
U |
1533.9 |
1543 |
1563.40 |
1593.0 |
1618.7 |
1664.3 |
|
Sept Silver
|
U |
25.93 |
26.06 |
26.84 |
27.59 |
27.76 |
28.24 |
|
Sept Copper
|
D |
333 |
341 |
344 |
351 |
353 |
358 |
|
Aug Crude
|
U |
82.15 |
84.61 |
88.96 |
90.95 |
88.57 |
90.07 |
|
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