8.11.2014
Top Day Market News
Another fairly light news week in terms of eco releases. At least the weather has proved to be unseasonably temperate. Overnight, China loosened monetary conditions and controls which resulted in an upside spike in copper, the barometer of Chinese economic strength/weakness. The big numbers of the week will be retail sales on the 13th to be followed up by PPI, Core PPI , Empire State manufacturing and finally the U of Michigan consumer confidence at week’s end.
|
Week of |
August |
11 - August 15 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 12 |
10:00 |
JOLTS - Job Openings |
Jun |
|
NA |
NA |
4.635M |
|
|
Aug 12 |
14:00 |
Treasury Budget |
Jul |
|
-$96.0B |
-$96.0B |
- $97.6B |
|
|
Aug 13 |
07:00 |
MBA Mortgage Index |
08/09 |
|
NA |
NA |
1.6% |
|
|
Aug 13 |
08:30 |
Retail Sales |
Jul |
|
0.1% |
0.3% |
0.2% |
|
|
Aug 13 |
08:30 |
Retail Sales ex-auto |
Jul |
|
0.3% |
0.3% |
0.4% |
|
|
Aug 13 |
10:00 |
Business Inventories |
Jun |
|
0.3% |
0.4% |
0.5% |
|
|
Aug 13 |
10:30 |
Crude Inventories |
08/09 |
|
NA |
NA |
- 1.756M |
|
|
Aug 14 |
08:30 |
Initial Claims |
08/09 |
|
310K |
305K |
289K |
|
|
Aug 14 |
08:30 |
Continuing Claims |
08/02 |
|
2525K |
2523K |
2518K |
|
|
Aug 14 |
08:30 |
Export Prices ex-ag. |
Jul |
|
NA |
NA |
-0.3% |
|
|
Aug 14 |
08:30 |
Import Prices ex-oil |
Jul |
|
NA |
NA |
-0.1% |
|
|
Aug 14 |
10:30 |
Natural Gas Inventories |
08/09 |
|
NA |
NA |
82 bcf |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 15 |
08:30 |
PPI |
Jul |
|
0.0% |
0.2% |
0.4% |
|
|
Aug 15 |
08:30 |
Core PPI |
Jul |
|
0.2% |
0.2% |
0.2% |
|
|
Aug 15 |
08:30 |
Empire Manufacturing |
Aug |
|
15.0 |
15.5 |
25.6 |
|
|
Aug 15 |
09:00 |
Net Long-Term TIC Flows |
Jun |
|
NA |
NA |
$19.4B |
|
|
Aug 15 |
09:15 |
Industrial Production |
Jul |
|
0.6% |
0.3% |
0.2% |
|
|
Aug 15 |
09:15 |
Capacity Utilization |
Jul |
|
79.5% |
79.2% |
79.1% |
|
|
Aug 15 |
09:55 |
Mich Sentiment |
Aug |
|
79.0 |
81.7 |
81.8 |
|
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 |
1869.75 |
1896.5 |
1899 |
1937 |
1943.7 |
1964.50 |
|
Sept Nasdaq |
D |
3783 |
3828 |
3837 |
3898 |
3917 |
3961 |
|
Sept Yen |
U |
96.54 |
97.28 |
97.78 |
98.40 |
98.65 |
99.28 |
|
Sept EC |
D |
132.94 |
133.53 |
133.60 |
134.50 |
134.50 |
134.94 |
|
Sept 10 Year Note |
U |
124.12 |
125.04 |
125.14 |
126.12 |
126.18 |
127.09 |
|
Sept 30 Year Bond |
U |
136.10 |
137.26 |
138.16 |
140.03 |
140.15 |
141.28 |
|
Nov Soybeans |
D |
10.43 |
10.64 |
10.76 |
10.93 |
10.95 |
11.05 |
|
Sept Corn |
D |
3.42 |
3.47 |
3.48 |
3.57 |
3.60 |
3.65 |
|
Dec Gold |
D |
1265 |
1287 |
1295 |
1321.60 |
1328 |
1347 |
|
Sept Silver |
D |
19.33 |
19.62 |
19.79 |
20.13 |
20.34 |
20.77 |
|
Sept Copper |
PRD(U) |
310 |
314 |
316 |
319 |
323 |
329 |
|
Sept Crude |
PRD(U) |
95.40 |
96.37 |
96.85 |
98.95 |
98.49 |
99.64 |
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