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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Crude fell through $100 a barrel.

7.31.2014

Top Day Market News

Yesterday, interest rates backed up as GDP came in at 4%. This was higher than expected and suggested that the Fed may be induced to raise rates sooner rather than later. Argentina went into “selective default.” Traders say they had anticipated this but then, when it happens, anticipation turns into reality which turns into a feeling that’s not quite so comfortably abstract. Crude fell through $100 a barrel. The dollar, thanks to the GDP number, was stronger against all its major counterparts. The market will now be gearing up for non-farm payrolls on Friday. The Street had been looking for

+281K out of the ADP private jobs forecast but only got a dyslectic reading of +218.


 

MWee

k 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

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

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%

 

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

U

1954

1957

1957

1974

1984

1998

Sept Nasdaq

U

3870

3913

3953

3983

3994

4033

Sept Yen

D

97.65

97.98

96.82

97.83

98.69

99.15

Sept EC

D

133.38

137.86

133.69

134.17

135.14

135.88

Sept 10 Year Note

D

124.21

124.31

124.08

125.07

125.19

125.28

Sept 30 Year Bond

U

137.07

134.30

136.29

138.19

139.05

139.13

Nov Soybeans

D

10.28

10.56

10.53

10.94

11.08

11.34

Sept Corn

D

3.550

3.56

3.54

3.64

3.69

3.75

Aug Gold

D

1273.50

1291

1284.30

1301.60

1322

1336.50

Sept Silver

D

19.65

20.37

20.46

21.71

21.19

21.58

Sept Copper

D

312.50

318.80

321

325

329

333

Sept Crude

D

999.66

100.77

98.67

100.92

103.22

104.56