Top Day Market News
7.23.12
There are no eco releases this morning. Concern about a Greek default has pressured equities over the weekend. Greek creditors meet later this week and doubts are growing that they will fulfill their agreements. The IMF is reportedly going to suspend further rescue aid to Greece. Economic contraction continues to China and the US as measured by GDP and job creation. Crude is lower by almost 3% on fears of further economic contraction. Oddly enough, the idea is now being floated that Greece can default without leaving the EU. By increasing sales tax to 21%, Spain is kick starting its own recession.
Next objective for ES looks to be 1322
|
Week of July 23 - July 27 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 24 |
10:00 |
FHFA Housing Price Index |
May |
|
NA |
NA |
0.8% |
|
|
Jul 25 |
07:00 |
MBA Mortgage Index |
07/21 |
|
NA |
NA |
NA |
|
|
Jul 25 |
10:00 |
Jun |
|
375K |
374K |
369K |
|
|
|
Jul 25 |
10:30 |
Crude Inventories |
07/21 |
|
NA |
NA |
NA |
|
|
Jul 26 |
08:30 |
07/21 |
|
365K |
375K |
386K |
|
|
|
Jul 26 |
08:30 |
07/21 |
|
3300K |
3300K |
3300K |
|
|
|
Jul 26 |
08:30 |
Jun |
|
1.0% |
1.0% |
1.3% |
1.1% |
|
|
Jul 26 |
08:30 |
Jun |
|
0.5% |
0.0% |
0.7% |
0.4% |
|
|
Jul 26 |
10:00 |
Pending Home Sales |
Jun |
|
1.0% |
0.7% |
5.9% |
|
|
Jul 27 |
08:30 |
Q2 |
|
NA |
1.2% |
1.9% |
|
|
|
Jul 27 |
08:30 |
Q2 |
|
NA |
1.5% |
2.0% |
|
|
|
Jul 27 |
09:55 |
Michigan Sentiment - Final |
Jul |
|
71.5 |
72.0 |
72.0 |
|
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 |
1321 |
1339..5 0 |
1347.50 |
1367.50 |
1376.2 5 |
1394.50 |
|
Sept Nasdaq |
U |
2496.50 |
2554.50 |
2591.50 |
2609.00 |
2664.5 0 |
2716.50 |
|
Sept Yen
|
U |
125.76 |
126.64 |
127.14 |
127.94 |
1280 |
128.54 |
|
Sept EC
|
D |
120.36 |
121.02 |
120.65 |
122.55 |
122.84 |
124.00 |
|
Sept 10 Year
|
U |
134.06 |
134.17 |
134.19 |
135.09 |
135.04 |
135.12 |
|
Sept 30 Year
|
U |
149.16 |
150.21 |
150.29 |
152.29 |
125.20 |
153.14 |
|
Nov Soybeans
|
U |
15.25 |
16.05 |
16.28 |
17.03 |
17.28 |
17.71 |
|
|
|
|
|
|
|
|
|
|
Sept Corn
|
U |
7.21 |
7.72 |
7.88 |
8.35 |
8.52 |
8.80 |
|
Aug Gold
|
U |
1551 |
1567 |
1566.60 |
1588.80 |
1598.6 |
1614.50 |
|
Sept Silver
|
U |
26.32 |
26.80 |
26.48 |
27.55 |
27.67 |
28.07 |
|
Sept Copper
|
D |
334 |
339 |
335 |
351 |
352 |
359 |
|
Sept Crude
|
U |
88.14 |
87.92 |
90.08 |
92.66 |
94.36 |
97.02 |
|
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