08-12-2013
Top Day Market News
Very light day in terms of eco releases. USDA report will move grain markets. Gold is seeing an intermediate trend reversal. Japanese stocks drop while Chinese stocks run to their best levels in two months. US equities remain defensive as market valuations were stretched, rising 10% above its 200 day moving average. This is usually unsustainable.
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Week of August 12 - August 16 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
|
Aug 12 |
14:00 |
Treasury Budget |
Jul |
-$96.0B |
-$96.0B |
-$69.6B |
|
|
Aug 13 |
08:30 |
Retail Sales |
Jul |
-0.1% |
0.2% |
0.4% |
|
|
Aug 13 |
08:30 |
Retail Sales ex-auto |
Jul |
0.0% |
0.3% |
0.0% |
|
|
Aug 13 |
08:30 |
Export Prices ex-ag. |
Jul |
NA |
NA |
-0.2% |
|
|
Aug 13 |
08:30 |
Import Prices ex-oil |
Jul |
NA |
NA |
-0.3% |
|
|
Aug 13 |
10:00 |
Business Inventories |
Jun |
0.0% |
0.1% |
0.1% |
|
|
Aug 14 |
07:00 |
MBA Mortgage Index |
08/10 |
NA |
NA |
0.2% |
|
|
Aug 14 |
08:30 |
PPI |
Jul |
0.3% |
0.3% |
0.8% |
|
|
Aug 14 |
08:30 |
Core PPI |
Jul |
0.2% |
0.2% |
0.2% |
|
|
Aug 14 |
10:30 |
Crude Inventories |
08/10 |
NA |
NA |
-1.320M |
|
|
Aug 15 |
08:30 |
Initial Claims |
08/10 |
340K |
339K |
333K |
|
|
Aug 15 |
08:30 |
Continuing Claims |
08/03 |
3000K |
3000K |
3018K |
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Aug 15 |
08:30 |
CPI |
Jul |
0.2% |
0.2% |
0.5% |
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|
Aug 15 |
08:30 |
Core CPI |
Jul |
0.2% |
0.2% |
0.2% |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
Aug 15 |
08:30 |
Empire Manufacturing |
Aug |
5.0 |
6.0 |
9.46 |
|
Aug 15 |
09:00 |
Net Long-Term TIC Flows |
Jun |
NA |
NA |
-$27.2B |
|
Aug 15 |
09:15 |
Industrial Production |
Jul |
1.0% |
0.4% |
0.3% |
|
Aug 15 |
09:15 |
Capacity Utilization |
Jul |
78.0% |
78.0% |
77.8% |
|
Aug 15 |
10:00 |
Philadelphia Fed |
Aug |
10.0 |
10.0 |
19.8 |
|
Aug 15 |
10:00 |
NAHB Housing Market Index |
Aug |
55 |
57 |
57 |
|
Aug 15 |
10:30 |
Natural Gas Inventories |
08/10 |
NA |
NA |
96 bcf |
|
Aug 16 |
08:30 |
Housing Starts |
Jul |
855K |
895K |
836K |
|
Aug 16 |
08:30 |
Building Permits |
Jul |
925K |
934K |
911K |
|
Aug 16 |
08:30 |
Productivity-Prel |
Q2 |
0.0% |
0.0% |
0.5% |
|
Aug 16 |
08:30 |
Unit Labor Costs |
Q2 |
-1.0% |
-0.3% |
-4.3% |
|
Aug 16 |
09:55 |
Mich Sentiment |
Aug |
85.1 |
85.1 |
85.1 |
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
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|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
D |
1665.50 |
1675.00 |
1680 |
1694 |
1699 |
1714 |
|
Sept Nasdaq |
D |
3065 |
3088 |
3101 |
3129 |
3136 |
3164 |
|
Sept Yen |
U |
99.50 |
101.67 |
103.29 |
104.21 |
105.20 |
106.56 |
|
Sept EC |
U |
131.58 |
132.50 |
132.98 |
133.78 |
134.18 |
134.94 |
|
Sept 10 Year |
U |
125.28 |
126.11 |
126.21 |
126.29 |
127.02 |
127.11 |
|
Sept 30 Year |
U |
132.03 |
133.09 |
134.02 |
134.22 |
135.04 |
135.25 |
|
Nov Soybeans |
D |
11.47 |
11.65 |
11.76 |
12.00 |
11.97 |
12.11 |
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Sept Corn |
D |
4.56 |
4.60 |
4.60 |
4.73 |
4.73 |
4.815 |
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Dec Gold |
U |
1254 |
1283 |
12.98 |
13.23 |
1340 |
1368 |
|
Sept Silver |
U |
18.58 |
19.54 |
20.10 |
20.87 |
21.02 |
21.54 |
|
Sept Coppe r |
U |
306 |
318 |
325 |
333 |
337 |
344 |
|
Sept Crude |
D |
99.84 |
102.93 |
104.30 |
106.90 |
108.40 |
110.78 |
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