7.28.2014
Top Day Market News
Very quiet overnight. All we get is pending home sales. The problems the market was confronted with at the end of the week are still present; the Ukraine, Gaza, selling pressure after quarterly earnings releases. Given that, trends should extend with stocks in position to reverse their intermediate trend with a lower close.
|
|
Week |
of July 28 - August 0 |
1 |
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 28 |
10:00 |
Pending Home Sales |
Jun |
|
-1.5% |
-0.8% |
6.1% |
|
|
Jul 29 |
09:00 |
Case-Shiller 20-city Index |
May |
|
10.5% |
10.0% |
10.8% |
|
|
Jul 29 |
10:00 |
Consumer Confidence |
Jul |
|
86.5 |
85.6 |
85.2 |
|
|
Jul 30 |
07:00 |
MBA Mortgage Index |
07/26 |
|
NA |
NA |
2.4% |
|
|
Jul 30 |
08:15 |
ADP Employment Change |
Jul |
|
225K |
215K |
281K |
|
|
Jul 30 |
08:30 |
GDP-Adv. |
Q2 |
|
3.6% |
3.2% |
-2.9% |
|
|
Jul 30 |
08:30 |
Chain Deflator-Adv. |
Q2 |
|
2.5% |
2.1% |
1.3% |
|
|
Jul 30 |
10:30 |
Crude Inventories |
07/26 |
|
NA |
NA |
- 3.969M |
|
|
Jul 30 |
14:00 |
FOMC Rate Decision |
Jul |
|
0.25% |
0.25% |
0.25% |
|
|
Jul 31 |
07:30 |
Challenger Job Cuts |
Jul |
|
NA |
NA |
-20.2% |
|
|
Jul 31 |
08:30 |
Initial Claims |
07/26 |
|
310K |
310K |
284K |
|
|
Jul 31 |
08:30 |
Continuing Claims |
07/19 |
|
2525K |
2525K |
2500K |
|
|
Jul 31 |
08:30 |
Employment Cost Index |
Q2 |
|
0.4% |
0.4% |
0.3% |
|
|
Jul 31 |
09:45 |
Chicago PMI |
Jul |
|
60.0 |
61.8 |
62.6 |
|
|
Jul 31 |
10:30 |
Natural Gas Inventories |
07/26 |
|
NA |
NA |
90 bcf |
|
|
Aug 01 |
08:30 |
Nonfarm Payrolls |
Jul |
|
250K |
220K |
288K |
|
|
Aug 01 |
08:30 |
Nonfarm Private Payrolls |
Jul |
|
240K |
225K |
262K |
|
|
Aug 01 |
08:30 |
Unemployment Rate |
Jul |
|
6.1% |
6.1% |
6.1% |
|
|
Aug 01 |
08:30 |
Hourly Earnings |
Jul |
|
0.2% |
0.2% |
0.2% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 01 |
08:30 |
Average Workweek |
Jul |
|
34.5 |
34.5 |
34.5 |
|
|
Aug 01 |
08:30 |
Personal Income |
Jun |
|
0.5% |
0.4% |
0.4% |
|
|
Aug 01 |
08:30 |
Personal Spending |
Jun |
|
0.2% |
0.4% |
0.2% |
|
|
Aug 01 |
08:30 |
PCE Prices - Core |
Jun |
|
0.2% |
0.2% |
0.2% |
|
|
Aug 01 |
09:55 |
Michigan Sentiment - Final |
Jul |
|
82.5 |
82.0 |
81.3 |
|
|
Aug 01 |
10:00 |
ISM Index |
Jul |
|
56.0 |
55.9 |
55.3 |
|
|
Aug 01 |
10:00 |
Construction Spending |
Jun |
|
-0.5% |
0.3% |
0.1% |
|
|
Aug 01 |
14:00 |
Auto Sales |
Jul |
|
NA |
NA |
5.9M |
|
|
Aug 01 |
14:00 |
Truck Sales |
Jul |
|
NA |
NA |
7.5M |
|
Numbers below 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
PRD(D) |
1954 |
1957 |
1961 |
1978 |
1984 |
1998 |
|
Sept Nasdaq |
PRD(D) |
3870 |
3913 |
3940 |
3968 |
3994 |
4033 |
|
Sept Yen |
D |
97.65 |
97.98 |
98.01 |
98.31 |
98.69 |
99.15 |
|
Sept EC |
D |
133.38 |
137.86 |
134.11 |
134.66 |
135.14 |
135.88 |
|
Sept 10 Year Note |
D |
124.21 |
124.31 |
124.25 |
125.15 |
125.19 |
125.28 |
|
Sept 30 Year Bond |
U |
137.07 |
134.30 |
138.01 |
139.00 |
139.05 |
139.13 |
|
Nov Soybeans |
D |
10.28 |
10.56 |
10.71 |
11.03 |
11.08 |
11.34 |
|
Sept Corn |
D |
3.550 |
3.56 |
3.58 |
3.67 |
3.69 |
3.75 |
|
Aug Gold |
D |
1273.50 |
1291 |
1293.20 |
1311.10 |
1322 |
1336.50 |
|
Sept Silver |
D |
19.65 |
20.37 |
20.38 |
20.81 |
21.19 |
21.58 |
|
Sept Copper |
U |
312.50 |
318.80 |
322.80 |
326.70 |
329 |
333 |
|
Sept Crude |
D |
999.66 |
100.77 |
100.34 |
102.74 |
103.22 |
104.56 |
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