Top Day Market News
7.25.12
Apple was a big miss yesterday afternoon, missing on both top and bottom lines. As Apple is a very crowded trade, there was a great deal of acute pain felt right after the close yesterday. Be that as it may, the low in that first five minutes was the overnight low. Since that time, the market has been slowly retracing its loss but the Apple effect is still reverberating with the S+P higher and the Nasdaq lower going into the opening. Caterpillar was a beat in earnings. Another factor behind the equity market claw back is a well- placed article in the NY times stating that the Fed is closer than ever to QE3.
Spain’s borrowing costs continue to increase to untenable levels. The yuan dropped to its weakest level since last September ass China keeps cutting rates in a contracting economy. Crude inventories today.
|
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% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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 |
D |
1321 |
1339..5 0 |
1310.50 |
1342.75 |
1376.2 5 |
1394.50 |
|
Sept Nasdaq |
D |
2496.50 |
2554.50 |
2516.25 |
2577.00 |
2664.5 0 |
2716.50 |
|
Sept Yen
|
U |
125.76 |
126.64 |
127.73 |
128.38 |
1280 |
128.54 |
|
Sept EC
|
D |
120.36 |
121.02 |
119.95 |
121.83 |
122.84 |
124.00 |
|
Sept 10 Year |
U |
134.06 |
134.17 |
134.29 |
135.23 |
135.04 |
135.12 |
|
Sept 30 Year |
U |
149.16 |
150.21 |
151.30 |
154.05 |
152.05 |
153.14 |
|
Nov Soybeans |
PRD(D) |
15.25 |
16.05 |
15.07 |
16.14 |
17.28 |
17.71 |
|
Sept Corn
|
PRD(D) |
7.21 |
7.72 |
7.70 |
8.12 |
8.52 |
8.80 |
|
Aug Gold
|
U |
1551 |
1567 |
1568 |
1592 |
1598.6 |
1614.50 |
|
Sept Silver
|
PRD(D) |
26.32 |
26.80 |
26.54 |
27.41 |
27.67 |
28.07 |
|
Sept Copper |
D |
334 |
339 |
330 |
339 |
352 |
359 |
|
Sept Crude
|
U |
86.14 |
87.92 |
86.68 |
89.25 |
94.36 |
97.02 |
|
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