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Phone: 312.920.0212
Fax: 855.994.4111


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9247 Broadway
Suite EE
Merrillville, IN 46410

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Gold may be finished working through it's rally.

Market News

07-23-2013

Top Day Market News

Again, a very light news day in terms of economic releases. China emphasizing growth overnight was a modest positive for equities. Gold may be finished working through its short covering rally in an over-reaction to the conclusion of G-20 over the weekend. The currencies are waiting for flash Purchasing Managers Index readings tomorrow. Yen is back on the defensive.

 

 

Week of July 22 - July 26

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

Jul 22

10:00

Existing Home Sales

Jun

 

5.25M

5.28M

5.18M

 

 Jul 23

 09:00

FHFA Housing Price Index

 May

 

 NA

 NA

 0.7%

 

Jul 24

07:00

MBA Mortgage Index

07/20

 

NA

NA

NA

 

Jul 24

10:00

New Home Sales

Jun

 

470K

481K

476K

 

 Jul 24

 10:30

 Crude Inventories

 07/20

 

 NA

 NA

- 6.902M

 

Jul 25

08:30

Initial Claims

07/20

 

NA

328K

334K

 

Jul 25

08:30

Continuing Claims

07/13

 

NA

2990K

3114K

 

Jul 25

08:30

Durable Orders

Jun

 

0.6%

1.5%

3.7%

3.6%

 Jul 25

 08:30

Durable Goods –ex transportation

 Jun

 

 0.3%

 0.4%

 0.5%

 0.7%

 Jul 25

 10:30

Natural Gas Inventories

 07/20

 

 NA

 NA

 58 bcf

 

 Jul 25

 09:55

Michigan Sentiment - Final

 Jul

 

 84.2

 84.2

 83.9

 

                   

 

 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

1657

1673

1685

1698

1696

1706

Sept Nasdaq

U

2997

3021

3038303

3063

3077

3110

 

Sept Yen

PRDU)

98.04

98.92

99.64

100.99

100.92

102.04

Sept EC

PRD(U)

129.17

130.20

131.47

132.29

132.10

132.90

Sept 10 Year

D

125.07

126.05

126.29

127.08

127.21

128.07

Sept 30 Year

U

132.15

133.10

135.09

136.07

136.14

137.13

Nov Soybeans

U

12.27

12.51

12.71

13.00

12.97

13.20

Sept Corn

U

5.24

5.34

5.31

5.45

5.51

5.59

Aug Gold

U

1257

1276

1307

1351

1307

1318.60

Sept Silver

U

18.86

19.07

19.81

20.89

20.03

20.59

Sept Copper

U

305

310

314

321

319.00

324.00

Sept Crude

U

102.50

105.39

106.08

108.20

110.05

111.82

 

 

 

 

 

 

 

 

 News