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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

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Nasdaq should encounter some headwinds here

Market News

Top Day Market News

7.20.12

It’s Friday and a day to take risk off the table. The recent stock rally has been the longest weekly rally in six years. The market has been resilient and a reason for this has been earnings season. Profit expectations going into this period were fairly low and investment sentiment was weak. This sets up many “beats” and subsequent short covering.

Dollar strength against the Euro is a key to today as is the expiration of August crude. Remember August goes off at 2:30 this afternoon, not 5:15 electronically.

Nasdaq should encounter some headwinds here with a double top test of a 61% retracement of the April high to June low.

Week of July 16 - July 20

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jul 16

08:30

Retail Sales

Jun

 

0.4%

0.2%

-0.2%

 

Jul 16

08:30

Retail Sales ex-auto

Jun

 

0.2%

0.1%

-0.4%

 

Jul 16

08:30

Empire Manufacturing

Jul

 

0.0

3.8

2.3

 

Jul 16

10:00

Business Inventories

May

 

0.2%

0.2%

0.4%

 

Jul 17

08:30

CPI

Jun

 

0.1%

0.1%

-0.3%

 

Jul 17

08:30

Core CPI

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

Industrial Production

Jun

 

0.0%

0.3%

-0.1%

 

Jul 17

09:15

Capacity Utilization

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

Housing Starts

Jun

 

715K

743K

708K

 

Jul 18

08:30

Building Permits

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

Initial Claims

07/14

 

360K

365K

350K

 

Jul 19

08:30

Continuing Claims

07/07

 

3300K

3300K

3304K

 

Jul 19

10:00

Existing Home Sales

Jun

 

4.65M

4.65M

4.55

 

Jul 19

10:00

Philadelphia Fed

Jul

 

-13.0

-10.0

-16.6

 

Jul 19

10:00

Leading Indicators

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

1361.50

1376.50

1365.5

0

1380.00

Sept Nasdaq

U

2464

2520.50

2630.00

2379.00

2629.5

0

2682.00

Sept Yen

 

U

124.50

125.37

126.96

127.68

126.88

127.52

Sept EC

 

PRD(D)

120.88

121.66

121.88

123.35

123.40

124.29

Sept 10 Year

 

U

134.00

134.08

134.11

134.27

134.27

135.06

Sept 30 Year

 

U

148.29

150.01

134.11

134.27

152.03

153.01

Nov Soybeans

 

U

14.74

15.13

16.19

17.06

15.83

16.14

Sept Corn

 

U

6.614

7.01

7.93

8.31

7.64

7.884

Aug Gold

 

U

1533.9

1543

1571.0

1590.50

1618.7

1664.3

Sept Silver

 

U

25.93

26.06

26.82

27.49

27.76

28.24

Sept Copper

 

PRD(U)

333

341

348

356

353

358

Sept Crude

 

U

82.15

84.61

91.00

95.21

88.57

90.07

 

 

 

 

 

 

 

 


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