07-26-2013
Top Day Market News
Just one piece of eco information today: the University of Michigan consumer sentiment index. Yesterday was marked by a weaker dollar and lower grains. Stocks just chopped. Soybeans at a 17 month low. Massive plantings and great weather confronts slack export demand resulting in crushed prices going into seasonal harvest pressures. Speaking of demand, demand at the Treasury auction was characterized as weak. Weak demand suggests higher rates to entice bidders.
Yenis higher as Euro shares falter. Crude is under pressure as China cuts manufacturing demand. China is world’s second largest consumer of energy.
|
|
Week of July 22 - July 26 |
|||||||
|
Date |
ET |
Release |
For |
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 trans |
Jun |
0.3% |
0.4% |
0.5% |
0.7% |
|
|
Jul 25 |
10:30 |
Natural Gas Inventories |
07/20 |
NA |
NA |
58 bcf |
|
|
|
Jul 26 |
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 |
1675 |
1695 |
1696 |
1706 |
|
Sept Nasdaq |
U |
2997 |
3021 |
3032 |
3063 |
3077 |
3110 |
|
Sept Yen |
U |
98.04 |
98.92 |
99.63 |
101.98 |
100.92 |
102.04 |
|
Sept EC |
U |
129.17 |
130.20 |
131.76 |
133.07 |
132.10 |
132.90 |
|
Sept 10 Year |
D |
125.07 |
126.05 |
126.01 |
126.29 |
127.21 |
128.07 |
|
Sept 30 Year |
D |
132.15 |
133.10 |
133.18 |
134.27 |
136.14 |
137.13 |
|
Nov Soybean |
D |
12.27 |
12.51 |
11.89 |
12.49 |
12.97 |
13.20 |
|
Sept Corn |
D |
5.24 |
5.34 |
4.81 |
5.07 |
5.51 |
5.59 |
|
Aug Gold |
U |
1257 |
1276 |
1312.30 |
1341.40 |
1307 |
1318.60 |
|
Sept Silver |
U |
18.86 |
19.07 |
19.83 |
20.38 |
20.03 |
20.59 |
|
Sept Copper |
U |
305 |
310 |
313 |
320 |
319.00 |
324.00 |
|
Sept Crude |
U |
102.50 |
105.39 |
104.42 |
106.21 |
110.05 |
111.82 |
|
|
|
|
|
|
|
|
|
